The Warsaw Voice » Politics » News - June 30, 2015
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Opposition offers costly proposals ahead of elections
   
The Polish government would need to spend at least PLN 40-50 billion to implement solutions proposed by the opposition party Law and Justice (PiS), and the amount would be even twice as high if the government formed by PiS took on the problem of CHF mortgage holders, the daily Rzeczpospolita writes.

The means to fund those proposals are to come from the introduction of a 39% PIT rate for the richest Poles, new taxes for banks and supermarket chains, as well as improving the efficiency of tax collection.

PiS itself puts the cost of its program at around PLN 15 billion.

Meanwhile, the government would raise as little as PLN 200,000 a year in the event of potential introduction of the third PIT bracket of 39% for the wealthiest Poles, earning in excess of PLN 300,000 a year, as proposed by PiS, Raiffeisen Polbank analysts say. PiS calculated the revenues at up to PLN 2 billion.

The tax bracket would apply to just over 16,000 taxpayers, the daily Dziennik Gazeta Prawna wites. The proposed increase would thus translate to only a small impact on budget revenues, meaning that PiS would be hard put to find the means for financing such promises as raising the standardized deduction, economists say.

Poland's public finance will be under the additional strain linked to the need to absorb the EU funds, they say.