Treasury: Copper tax may be lowered in 2017

The Minister of Treasury Dawid Jackiewicz said that work will be undertaken this year to change the tax on certain mines (the so-called copper tax), and that it is highly likely that this tax will decrease. The new formula may come into effect next year, he said. Jackiewicz indicated in an interview with TVP3 Wrocław that public consultations on this matter are being held with various relevant figures, such as union members from KGHM . "The [members] are aware that this tax  hurts the company, but at the same time this tax is necessary for the nation as a whole." According to the Minister, the most likely scenario is for the tax to remain, but at a significantly reduced scale. An official announcement should come by the end of 2016.