VAT that does not care for promises

Frauds and liars –  these are obvious associations with people who borrowed money for a short while only to declare years later that they would not pay it back at all. But what can one say when it is the state that acts in this manner? – President of Employers of Poland Andrzej Malinowski asks in “Rzeczpospolita”.

Seven years ago, it declared that it is temporarily increasing VAT by one percentage point as an extraordinary measure. The aim was to help the ailing budget which was suffering the impact of the economic crisis.

The article is available here.