Employers of Poland protest the taxing of losses.
– This tax would not kill us, but would certainly make our lives much harder – says Robert Duszkiewicz, Deputy Chairman responsible for the finances of Zakłady Magnezytowe Ropczyce. The additional tax has to be paid in accordance with a recent decision made by the director of the Tax Control Office in Rzeszów as part of the corporate income tax for 2009 and 2010, as a result of the company’s use of the so-called currency options at that time.
The case has outraged Polish entrepreneurs. Last Friday, President of Employers of Poland Andrzej Malinowski sent an open letter to PM Ewa Kopacz, urging her “to immediately stop the senseless destruction of Ropczyce”. He stressed that the tax in question was a tax on losses, with Poland perhaps the only EU country to tax them.
The President of Employers of Poland also reminds that if the government passed the EU MIFID directive in 2007, as it announced earlier, the problem would not occur (the directive was passed two years later). Banks would have to provide their clients with detailed information on the risks related to the financial instruments on offer.