No immediate abolition of capital revenue tax, says Finance Minister

Finance Minister Grzegorz Kolodko announced yesterday that capital revenue income tax, such as taxation of interest on bank accounts, will not be abolished in the immediate future. " We first have to check if they fulfill their economic functions," said Kolodko. According to analysts, abolishing this tax would not make much sense as the European Union also has these taxes, and so Poland would have to re-introduce them at accession. According to estimates, revenues from the tax will reach zl. 1.2 billion this year, however in March and April they stood at only zl. 82 million. Following the introduction of capital revenue tax, the public started looking for other ways of saving, however this did not cause a drastic fall in the number of bank deposits. (Prawo i Gospodarka, p. 3) A.K.