Poland's Finance Minister, Grzegorz Kolodko announced on Wednesday that the government is likely to impose a capital gains tax from 2004, as part of its overhaul of public finances.
The tax, which according to reports is likely to be imposed at a rate of around 20%, forms part of a programme designed to prepare the country's national budget for the rigours of EU accession next year and eventual entry into the eurozone, via a series of spending cuts and revenue-boosting measures.
According to a Reuters report, the Polish brokerage community and the Warsaw Stock Exchange have condemned the plan, arguing that it would damage the prospects of the- already ailing- Polish bourse still further.
http://www.reuters.co.uk/newsArticle.jhtml?type=searchNews&storyID=2129071
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