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News Parkiet
22.06.2004,
Taxes
Finance Ministry says 'no' to tax deductions
Polish Finance Ministry says it will oppose an income tax deduction for investors who own mutual fund portfolios despite contrary assessments by legal experts and tax authorities. New PIT personal income tax law gave retail investors the right to offset gains and losses on the sale of mutual funds. However, officials at the Finance Ministry argues that can't be done, using its own interpretation of the Polish tax regulations.
Energy
Long-term energy contracts may cost PLN 17 billion, official says
Compensation for local power plants after the termination of long-term energy contracts signed under previous regulatory regime won't cost more than 17 billion zloty ($4.5 billion), a...
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