Proposed changes to tax law would lower tax brackets

The government is considering modifying the tax law as of next year. The Finance Ministry is working on an amendment to the Personal Income Tax (PIT) law and plans to modify corporate taxes. The draft of the amendment would lower the upper limit for each personal income tax bracket, create a new fourth tax bracket and give breaks to the lowest wage earners. Prime Minister Leszek Miller distanced himself from the proposals, saying that "everything depends on the state of the economy," while Finance Ministry spokesman Marcin Kaszuba stressed that various studies were still being conducted and that the draft was not yet ready. According to estimates, the changes to the tax law would yield an additional zl. 1.7 billion in tax revenue. (Rzeczpospolita, p. B1; Reuters) K.S.