Bank tax in Poland: efficiency and impact on financial stability
AbstractThe contribution deals with legal architecture of the tax on certain fi nancial institutions (bank tax) in the Polish tax system and its impact on fi nancial market. Despite harmonisation proposals made at the EU level, including the idea of the introduction of a uniform fi nancial transaction tax, no political consensus has been struck so far between Member States which keep enjoying full jurisdiction in the fi eld. A majority of them have introduced individual systems of taxes and charges whose parameters (the base, rate and scope) differ greatly between one another, mirroring the various objectives, specifi c internal situation and fi scal sovereignty of the countries. Poland was one of the last Member States to introduce, at the beginning of 2016, a tax on certain fi nancial institutions. When analysing its architecture, the author pays special attention to the most contentious issues, such as the origin of the tax, its effi ciency as a source of budget revenues and importance of the tax for the fi nancial market and its stability. The study presents the entities subject to taxation, object of the tax and the tax base, as well as exemptions from the levy, tax rate and mode of tax payment. Assessments and conclusions are based on data gained from fi nancial market regulators and supervisory agencies expressing their views on impact of the tax on the standing of commercial banks and effects of the regulation on fi nancial stability.
|Publication size in sheets||0.60|
|Book||Sentsova Marina, Ruskowski Eugeniusz, Paul Aleksei, Radvan Michal (eds.): Tax sovereignty and the concept of fiscal rule-making in the countries of central and Eastern Europe: conference proceedings, 2018, Voronezh State University, ISBN 978-5-9273-2665-5, 370 p.|
|Keywords in English||tax, law|
|Score||= 5.0, 13-02-2020, MonographChapterAuthor|
|Publication indicators||= 0.000|
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