Lower income tax could mean a fairer and more transparent system, says BCC

The Business Center Club (BCC) and the Polish Business Roundtable (PBR) have sent a proposal for a bill introducing single personal income tax rate of 12%, 19% or 20%, to President Aleksander Kwasniewski. "An introduction of a simplified single tax rate and the withdrawal of all tax breaks and deductions would be clear and legible," said the deputy director of PBR, and Poland's wealthiest person, Jan Kulczyk. The proposition is to be studied by the President and his advisers, who are expected to announce their opinions and approve the idea, which has been strongly supported by these two entrepreneurs' organizations. According to analysis carried out by BCC, the 20% tax rate would even ensure higher income for the budget than the current system. (Puls Biznesu, p. 6) A.K.