MF: Higher tax exemption will ensure a more socially just state
15:10
"Raising the income tax threshold realizes the postulate of a socially just state" Minister of Finance Pawel Szałamacha commented Monday. He admitted this could result in a decrease of funds for municipal governments, but argued that this should be countered by the positive effects of the 500+ program.
Szałamacha met with 13 representatives of the municipal government divisions on Monday, where the main topic of discussion was the gradual rise of the income tax threshold. After the meeting he emphasized that the 500+ program will increase the wealth of citizens, which should decrease the amount of people claiming unemployment benefits. "The program should begin functioning in the spring of 2016, so municipal governments should feel its effects much earlier than the increased tax threshold changes" he added.