Poland Plans to Hike Taxes on Banks, Alcohol in Bid to Control Ballooning Deficit
An employee stocks shelves in the wine section inside a supermarket in Warsaw.
Photographer: Damian Lemański/BloombergPoland’s government revealed plans to raise a range of taxes on banks and alcohol in an effort to shore up revenue in next year’s budget and back spending on defense and social benefits.
The Finance Ministry in Warsaw, which is working on its 2026 financial planning, proposed an increase in the corporate tax rate for banks to 30% next year from 19%, while offering to cut the bank asset tax by 10% from 2027, it said on Thursday.