Kolodko to announce simplified taxation system

"The government has stepped forward with proposals aimed at simplification of the tax system and liquidation of almost all tax relief and exemptions," Finance Minister Grzegorz Kolodko announced yesterday. "I would like - if there were a possibility to eliminate all these unnecessary tax exemptions - to lower the tax rates and make the system more beneficial to entrepreneurs and in accordance with the public's sense of fairness," he added. The details are to be presented in the second half of this year. (Gazeta W yborcza, p.16; Parkiet, p. 1) A.K.