Sławomir Mentzen entered politics as a successful businessman. His company specializes in taxes, and specifically in their optimization. It even went public recently. He knows taxes from a practical perspective and has just spoken about the latest changes. One of the topics discussed is the taxation of family businesses planned from next year.
Read also: Report on family businesses in Poland. It’s not just their number that’s surprising.
— Family foundations can be established since last summer. They accumulate wealth over generations and exist in many European countries. So far, wealthy Poles have established such foundations in Austria, Luxembourg, Andorra and other countries. Capital, and often the businessman with tax residency, fled to the West. After years of pressure, we managed to convince the PiS government that since such solutions exist anyway, perhaps we should introduce them into our law, thanks to which the money and businessmen will remain in Poland – the politician writes.
— We succeeded last year and since then Poles have created more than a thousand family businesses. It was one of the best moves of the Law and Justice Party. – says Montzen.
As he points out, the creation of the Russian Federation required fundamental trust in the state. Once the founder contributed property to the foundation, he could no longer obtain it without high taxes.
— One could fear, and many were afraid, that shares in enterprises worth tens, if not hundreds of millions of zlotys would be contributed to the enterprise, and then the state would get its hands on them, for example by changing the taxation of companies. Family foundations. It seemed unlikely. Any negative change in the taxation of FR It will irreversibly affect confidence in the state and its institutions.Polish businessmen will once again transfer wealth to countries whose priority is not to plunder the wealth of people who are working to develop their economy – as the presidential candidate describes it.
He quoted part of the provisions of the KO + TD + Left coalition agreement:
The coalition intends to restore predictability to the tax system as soon as possible by fixing the law and restoring dialogue with organizations representing employers and trade unions. The coalition parties unanimously recognize that a stable, friendly and fair tax system is a necessary condition for increasing the rate of investment in the economy.
– How does this agreement look in practice? Without any dialogue with business organizations, the government wants to impose additional taxes on family businesses. in a way that practically eliminates the benefits of bringing the assets there.If it had looked like this a year ago, yes. Almost no one wears it.. Moreover, without paying 19 percent tax, this property cannot be withdrawn from the institution! – warns the politician.
“Gdzie holiday law?”
“Moreover, the changes are due to come into effect in January. How does that fit in with the six-month legal break on tax matters promised in this agreement?!” he asks rhetorically.
According to him, the only desirable change in the Corporations Act should be to require persons filing asset declarations to disclose the assets accumulated in the corporation.
Read also: Family businesses are changing the game for entrepreneurs. Interest has exceeded expectations.
— There is indeed a legal loophole here.Allowing politicians to hide their assets. I have an FR myself and intend to disclose, completely voluntarily, the assets contributed by my family foundation in my next announcement.Unfortunately, the Ministry of Finance does not want to close this gap, it wants to impose a tax on institutions that would deprive them of their reason for existence – warns Mentzen.
“caught in the trap”, “Belarusian standard”
—What the Ministry of Finance is planning to do with family foundations is fraudulent and leads to unfavorable disposal of private assets. This is not even the Belarusian standard.He says this is the standard of wild African countries.
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— The businessmen were happy that in Poland they finally got legal solutions that they had previously been looking for in the West, which made it easier to accumulate wealth and keep it in the family, and a year later they learned that They fell into the trap..This is because of your country. How does this relate to the claim that the tax system will be stable, friendly and fair? The politician says that even if this idea of bandits is blocked in the House of Representatives or vetoed, this announcement in itself has struck confidence in the state and family institutions.
He points out that the current low level of investment is due to the treatment of entrepreneurs by the lawmakers.
– Because of such activities, the level of private investment in Poland has been declining for many years. You cannot invest in a country that treats an investor (in fact, only one from Poland, and foreigners get a lot of exemptions, subsidies and gifts) as an enemy that needs to be robbed, deceived and eliminated as quickly as possible. – Raad Mentzen.
– It’s hard to believe, but it seems that even in terms of taxes, the current government is worse than the previous one – he says. – Unfortunately, the announced changes will be harmful to Polish businessmen. Moreover, they are intended to spoil the few good solutions that the Law and Justice party has put forward. We don’t have draft laws yet (it’s already the end of August, and the changes will come into force in January!), but the announcements show that IP BOX programmers and limited partnerships will get their money – the politician says.
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