Subscribe & Follow

Advertise your job vacancies

BizTrendsTV

RAPT BizTrendsTV: Nokulinda Mkhize: How Spiritual wellness is changing the workplace

EU probes Polish supermarket tax

BRUSSELS - The European Union on Monday opened a probe into Poland's new tax on supermarkets, risking to worsen a row with conservative-led Warsaw.

20 Sep 2016

Poland imposed a new tax in July that affects larger, foreign-owned supermarkets in an effort to finance social programmes and broaden popular support for the Law and Justice (PiS) government.

The new tax largely targets big groups such as France's Auchan and Carrefour and Germany's Lidl or Metro, sparing locally-owned retailers.

The European Commission, the EU's executive arm, "has concerns that the progressive rates based on turnover give companies with a low turnover a selective advantage over their competitors in breach of EU state aid rules," a statement said. It ordered the tax to be immediately suspended.

Brussels and conservative-led Poland have been caught up in bitter feud over a wave of populist reforms that the EU warns threaten democracy and the rule of law in the ex-communist EU and NATO state.

Source: AFP

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za