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Conflicting Windfall Tax Details Drive Uncertainty

POLAND
  • The government are to proceed with plans to abolish the obligatory exchange trade across Polish power markets, in a move that should make power trading more efficient and free up the ability of power companies to price their products responsively.
  • Details and specifics surrounding the windfall tax measure remain few and far between (and a considerable source of uncertainty for Polish equity markets). Yesterday, a PM aide stated the plans were in the “consultation phase” and “it’s not clear what direction it’s going to go”.
  • Discussions on the tax are set to continue today, with divisions among lawmakers concerning some fuel firms that could avoid any tax levy by redirecting profits to investments, according to Parkiet. In the interim, Morawiecki has temporarily stopped the idea, according to DGP Daily.
  • PAP reports there is little chance that the PM Morawiecki will lose his job anytime soon, despite continued criticism both inside and outside of government for their handling of the energy crisis.
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  • The government are to proceed with plans to abolish the obligatory exchange trade across Polish power markets, in a move that should make power trading more efficient and free up the ability of power companies to price their products responsively.
  • Details and specifics surrounding the windfall tax measure remain few and far between (and a considerable source of uncertainty for Polish equity markets). Yesterday, a PM aide stated the plans were in the “consultation phase” and “it’s not clear what direction it’s going to go”.
  • Discussions on the tax are set to continue today, with divisions among lawmakers concerning some fuel firms that could avoid any tax levy by redirecting profits to investments, according to Parkiet. In the interim, Morawiecki has temporarily stopped the idea, according to DGP Daily.
  • PAP reports there is little chance that the PM Morawiecki will lose his job anytime soon, despite continued criticism both inside and outside of government for their handling of the energy crisis.