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The Warsaw Voice » Business » June 20, 2017
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Economic growth to slow down
June 20, 2017   
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Miroslaw Gronicki
Poland may be slowing down its own economic growth by aggressively tightening tax collection, the daily Rzeczpospolita writes citing former Finance Minister Miroslaw Gronicki.
Tax receipts’ growth faster than economic growth translates into lower disposable income in the private sector, Gronicki explained. The effect would be negligible in the case of annual receipts in the order of PLN 5 billion, but much more significant in the case of PLN 20-30 billion, Credit Agricole’s chief economist Jakub Borowski admitted.
The government should consider what to do in order to neutralize the negative effects of its tightening measures, which may turn more acute in the longer term, Gronicki warns.
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