European Commission concerned about banking tax

Rzeczpospolita daily reported on Thursday, quoting unnamed sources, that the European Commission is checking whether the banking tax, introduced by Poland in February, is consistent with EU competition law, The newspaper reported the commission had sent a list of queries on the tax to the government and could launch an investigation if not satisfied by answers. The EC is not against the tax in and of itself, however its construction raises doubts, as it excludes smaller lenders, Rzeczpospolita said.