The beginning of the end of capital gains tax

The liquidation of the tax was touched upon by PM Kazimierz Marcinkiewicz in his expose on Thursday. However, according to Parkiet's sources, the amended law will only cover interest on investments on the bourse. Originally, the government was considering canceling capital gains tax on deposit accounts, profits from investment fund accounts, etc. The final decisions will be made following detailed research currently being conducted by the Finance Ministry. The law annulling the tax will be attached to the 2006 budget and is likely to be discussed in the Sejm at the end of November. It is still unknown when the tax on other kinds of savings will be abolished. According to Marcinkiewicz's earlier statements it may take place in 2007 at the earliest. (Parkiet, p. 1) A.F.