‘Do not raise taxes, stimulate demand’: FPP advises the government
02:00
The Federation of Polish Entrepreneurs (FPP) recommends measures to the government that will help overcome the economic crisis, without burdening the pockets of Poles and entrepreneurs. Recommendation of the FPP financial policy in times of the crown-crisis does not recommend increasing and introducing new taxes and excise duties. Economists advise that instead of increasing VAT, increase VAT revenues by stimulating the economy and supporting demand. The recommendations of the FPP make it possible to avoid tax costs being passed on to consumers and to prevent an increase in the shadow economy. They concern both CIT – understood as the responsibility of large entrepreneurs for budget revenues, excise duty – as a regulation influencing consumer attitudes, but paid in real terms from citizens' pockets, and VAT – which may increase budget revenues while stimulating the economy. Economic patriotism is honest CIT or investments.
"We are trying to show the government that it is possible, on the one hand, to increase budget revenues and, on the other hand, not to burden the consumer. We can obtain more VAT revenues by stimulating the economy,” Marek Kowalski, chairman of FPP, told the eNewsroom website.
“A simple increase in excise duty rates during a pandemic and economic crisis is irrational and harmful to the economy because it reduces the purchasing power of Poles for all goods and services – not only those subject to excise duty. There are currently no substantive premises for a revolution in the excise duty system, and taking up this topic in the period of economic destabilization – while many entrepreneurs struggle with the effects of the epidemic, fight to preserve the value chain and jobs – s particularly irresponsible. CIT is also very important in this puzzle. Economic patriotism, which is talked about so often, should consist of paying CIT in Poland. This will increase budget revenues and funds for development and investments,” Kowalski added.
