Winner of Poland’s election eyes bank tax on assets as of 2016

WARSAW, (Reuters) – Poland’s Law and Justice (PiS) party, which an exit poll indicated as the decisive winner of yesterday’s parliamentary election, wants to tax banks’ assets at 0.39 percent from 2016, its leading economic expert Zbigniew Kuzmiuk said.

According to the IPSOS poll, PiS won 242 out of 460 seats in the parliament, the largest number a single party has ever secured since Poland overthrew communism in 1989, unseating the centre-right Civic Platform after eight years.

“One of the first economic decisions of the new government will be to submit an amendment of next year’s budget. The general government deficit will stay below 3 percent (of national output),” said Kuzmiuk, who is tipped to play a major role in shaping the new government’s economic policies.

“We want, probably as of January 2016, to introduce two taxes that are important for us, including a tax on banks – it will be a tax on assets with a rate of 0.39 percent – and a tax on supermarkets,” he said.