The tax system has a profound impact on a country’s economic growth for two reasons. Firstly, in developed countries, taxes typically amount to the equivalent of one-third to even half of the GDP. Such a high level of taxation affects taxpayers’ economic activity. Secondly, for the state to collect taxes, it must maintain appropriate regulations defining the tax base and rates.
The ongoing election campaign has become an opportunity for political parties to present populist solutions to problems that are not always real. One theme are the seemingly high mortgage rates. In reality, however, rates are much lower than the current and projected increase in prices and wages, which means that the burden on debtors would decrease even if they would not pay their instalments and the interest would increase their debt.
According to Jarosław Kaczyński, PiS’ government is not decidedly fighting inflation, not to repeat Leszek Balcerowicz’s alleged mistakes from the times of transformation: “We were making up for this shock for several years.” In reality, however, reforms of Leszek Balcerowicz turned out to be a huge success, and Kaczyński himself was once a supporter of radical solutions.
According to the increasingly popular narrative, apartments purchased for investment purposes are almost synonymous with unoccupied buildings, that is uninhabited properties. The villains are investors, both institutional (apartment funds) and individual (wealthy individuals). They allegedly buy apartments from the market in order to “speculatively” refrain from placing them on the market in anticipation of a further increase in real estate prices.
In 2021, public expenditure per capita in Poland for the first time exceeded the amount of PLN 30,000. It accounted for 44.2% of GDP – less than the year before when the pandemic hit, but still much more than in 2019. Since 2015, public spending in Poland has increased in real terms by over 35%.
In times of galloping inflation, the Polish government creates another inflation impulse – the “Coal allowance”, the payment of which is expected to cost as much as PLN 11.5 billion.
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.
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.
Wide access to data will allow for a better understanding of the mechanisms of virus transmission and progress in the fight against the epidemic.
The official rhetoric of PiS government is “to make it possible to develop micro enterprises into small, small into medium, and medium into large or even into international champions”. However, the actual measures undertaken by the government were, in fact, to petrify the size of the companies.
