Język Polski
English
The consequences of introducing tax on certain financial institutions for the Polish banking sector and for the state budget
https://doi.org/10.26354/bb.3.1.78.2020
Abstract
The debate regarding imposing additional financial burdens on economic entities after the 2007–2009 financial crisis resulted in the decision to impose additional fiscal burdens on banks in most European countries. A tax on financial transactions was a popular solution and banking tax was also used, charging different components of the banking institution’s balance sheet, depending on the country. Most countries introduced taxation on liabilities to create an additional stabilization fund in the event of a crisis. After three years of operation of the banking tax in Poland encumbering assets minus the components listed in the Act, with a monthly rate of 0.0366%, it is possible to analyze the consequences of introducing a banking tax for both the banking sector and the state budget, which is the objective of this article. The paper aims at assessing its impact and proposing solutions eliminating negative consequences.
JEL Codes
E6, G21, G38, H2, H6Download files
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Vol. 78 No. 1 (2020)
Published: 2023-11-02
10.26354
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.