Poland to focus on tax fraud at G20 summit

Poland wants to discuss the issue of tax havens at the G20 summit this week, Deputy PM Mateusz Morawiecki said in an interview with Polish Radio. “We want medium-sized countries as well as smaller countries, which we represent, not to be avoided for tax.” “Bermuda has the third-highest number of EU investment, because it is a tax haven, to which many companies are unfortunately going to pay lower taxes,” he added. Poland is seeking to increase tax revenue to support its costly social programs, such as Family 500+, and according to Morawiecki lost some PLN 15 billion this year in revenue, due to issues including companies paying taxes elsewhere. Poland will take part in the G20 summit as one of the guests invited by hosts Germany.