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Poland Proposes Windfall Tax Rate of 50%: Minister Sasin

Sept. 25, 2022, 6:48 PM

Poland proposes to tax utilities’ windfall profits at 50% rate, State Assets Minister Jacek Sasin says in TVP interview.

  • NOTE: Poland Plans $2.8 Billion Tax on Utilities to Curb Energy Costs
  • Government will discuss the proposal next week and parliament could pass the bill in coming weeks
  • Ministry proposes additional tool that could cut electricity price on commodity exchange by about 30%
    • Under the new mechanism the power price wouldn’t be linked the price offered by gas-fired plants, which is the highest at the moment
    • If introduced, it could cost the country’s largest power utility PGE between 10b zloty and ...