Poland Eyes PLN 2-3Billion In Revenues From Tax On Copper & Silver
Poland could implement a new tax on copper and silver beyond Q1 2012 and the tax could generate PLN 2-3 billion in budget revenues annually with copper prices at current levels, deputy Finance Minister Maciej Grabowski told PAP news agency.
“When it comes to its construction, it could be based on the amount of ore extracted, on the amount of metal it includes and on the market price,” the official said.
The amount of money Poland could get amounts to some PLN 2-3 billion with copper prices at average recent levels.
In his Friday expose PM Donald Tusk said Poland intends to raise taxes on copper, silver and other natural resources in order to create a steady revenue stream to the budget. The final shape of changes in tax on natural resources is still to be defined but it will partly depend on market prices, Finance Minister Jacek Rostowski commented for reporters after Tusk’s expose.
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Posted by WoodlawnPost
on Nov 21 2011. Filed under Europe.
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