Will Polish CIT rise to meet French-German tax rates?

Finance Minister Andrzej Raczko announced that Poland might support France and Germany with regard to harmonizing corporate income tax (CIT) in all EU countries, which would mark a total change in government policy. "Unifying fiscal rates across the EU is a fundamental issue for effective business," said Raczko. He stressed that increasing CIT rates would be beneficial for entrepreneurs, as in exchange the law would not be changing as often as it is now. Raczko believes that the discussion concerning this issue should be commenced in order to decide on the level of the common tax base. "It is necessary to come up with a document comparing fiscal differences among the EU members," believes Raczko. (Parkiet, p. 7) M.M.