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Poland Backs Global Minimum Tax, Wants Clarity on Carve Outs

Logo: Bloomberg Law

By Wojciech Moskwa 

Poland is in favor of a global minimum corporate-tax rate as long as it doesn’t impede its ability to lure foreign investors by offering tax relief, Finance Minister Tadeusz Koscinski said. Along with Ireland and Hungary, Poland has been seen as a potential European holdout in the minimum tax plan backed by the G-7 group of the world’s richest countries. Koscinski said Warsaw would support a deal once there’s clarity on carve-outs, or exceptions to where the new regime must be applied. With per-capita economic output at about three-quarters of the European Union average, Poland’s government has prioritized catching up with its western peers in the next decade. It plans to do so in part by continuing to offer special terms, including tax breaks, for companies relocating to the east European nation.

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By Wojciech Moskwa , posted on Tuesday June 22, 2021
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