Credit Holidays in Poland: Take from Poor, Give to Rich?
The Credit holidays Act came into force in Poland. The work on it was accompanied by a surprising in recent years political unanimity. The bill was supported by 453 deputies and 98 senators.
The Credit holidays Act came into force in Poland. The work on it was accompanied by a surprising in recent years political unanimity. The bill was supported by 453 deputies and 98 senators.
The war in Ukraine will affect Poland’s socio-economic situation through many channels both in the short and long term. In the near term, we face weakening economic growth and even higher inflation, even double-digit inflation.
The special purpose law on assistance to citizens of Ukraine in connection with the armed conflict on the territory of Ukraine should take into account the demand for recognition of a significant range of professional qualifications acquired in Ukraine.
In response to Russia’s invasion of Ukraine, the Polish Law and Justice government began to work on creating two new funds in the state-owned Bank Gospodarstwa Krajowego to finance “systemic aid” and additional military spending.
Cooperating with Russia is no more a legal threat due to sanctions nor a mere corporate responsibility issue. It has become a much more fundamental issue of morality.
In the latest edition of the International Tax Competitiveness Index, Poland was placed 36th out of 37th OECD countries. In the international ranking of tax systems’ competitiveness prepared by the American Tax Foundation, only Italy scored worse.
The cost of the state’s family policy reached PLN 70 billion in 2020. By comparison, spending on countering the COVID-19 pandemic and mitigating the effects of the economic lockdown amounted to PLN 103 billion, and spending on defense amounted to PLN 42 billion.
The COVID-19 pandemic was accompanied by unprecedented state interventions – from restrictions on basic individual freedoms to significant increases in public spending, among others, to compensate companies for the effects of the shutdown.
Within the framework of the “Polish Deal”, PiS is raising the tax burden on income from rental housing drastically and without a transition period. In this way, the government wants to slow down the growth of property prices and, at the same time, increase budget revenues. This is a wrong direction.
“More free market or more government? How to strengthen post-pandemic recovery?”. It was the title of a panel hosted by the FOR during the Economic Forum in Karpacz, Poland, the largest conference of its kind in Central and Eastern Europe. The panel was supported by Friedrich Naumann Foundation for Freedom. Agata Stremecka, President of FOR, moderated the discussion.