Minister Tuska announces: not 1 and 3 taxes up

magnapolonia.org 4 weeks ago

Finance Minister Andrzej Domański announced in TVN24 that the government plans to rise 3 taxes next year – CIT for banks, excise duties on alcohol and alleged sugar levy. He explains that the decision is due to the hard state budget situation. Unfortunately, at the same time, the authorities cannot choose any savings.

Minister Domański announces 3 taxation increases. He claims that there is no another way. According to his announcement, the excise work on alcohol will increase by 15% from 1 January 2026 and another 10% a year later. The increase will besides include a sugar levy to cover energy drinks containing caffeine or taurine.

In addition, the Ministry of Finance plan increase of CIT for the banking sector. Domański explained that banks are making evidence profits and can "contribute" to the state budget without shifting costs to citizens.

The Minister's announcement is controversial. Economists inform that raising CIT for banks can increase the cost of credit and financial services, despite the government's assurance that specified hazard is not present. akin concerns include excise duties and sugar charges, which will straight translate into prices in stores.

There is besides a tension between the government and president Karol Nawrocki. Already in August, representatives of the President's Chancellery announced that the head of state would not sign taxation increases laws, which announces a political dispute over the form of the government's budget and financial strategy.

Minister Domański argues that increases are essential to keep the sustainability of public finances and to finance expenditure on state security. However, experts inform that excessive burdens can hamper economical growth and indirectly hit citizens. Taxes cannot be imposed and increased indefinitely.

Written by Roman Majewski

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