Poland's New Retail Tax Seeks to Favor Small Local Stores: Chart

The Polish government plans to help out small local stores with a tax on retailers, and from the chart below, it looks like they could use it.

The Finance Ministry will on Monday announce details of the levy, which will have a moderately progressive rate, according to the scale of the retailer’s operations, said Henryk Kowalczyk, an adviser to Prime Minister Beata Szydlo. The plan, set to affect the country’s biggest retailers including Jeronimo Martins SGPS SA, Tesco Plc and Carrefour SA, could run into trouble with the European Commission, which last year questioned a similar progressive levy sought by Hungary.

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