A proposal by Poland’s ruling Law and Justice (PiS) party to introduce a new FFT tax on financial transactions could hurt foreign retailers operating in the country, warns Marek Maruszak, CEO of Rossmann in Poland. He claims the new tax may force them to exit the country. The proposed 0.14-percent tax on financial transactions could add PLN 1.7bn to the state budget, according to PiS, which wants to introduce the European Union’s FTT regulations on the Polish market. “Poland saw the number of retail chains shrinking by half in the last couple of years. Once implemented, the new tax will scare more retailers out of Poland to tax havens,” Maruszak told the business server portal spożywczy.
