Investors begin to call government to account for broken promises over SSEs

Investors from special economic zones, which have been deprived of considerable tax exemptions by the EU, are demanding compensation from the government for breaking their promises. Earlier, in order to encourage investors into areas jeopardized by high unemployment, successive governments decided to grant investors a tax holiday for up to ten years with a 50% tax level for the following ten years. The EU decided that this breaches its competition policy and has agreed only to allow up to 50% of the investment to be counted against taxation. The parties involved admit that extreme cases, particularly concerning American investors, may be taken to court. So far, the investors are individually negotiating the issue with the government with the full support of the SSE management. (Puls Biznesu, p. 3) A.Z.