Poland has one of the most restrictive approaches to the tax treatment of losses in the OECD. Loss carryover provisions allow businesses to deduct their losses in one year against taxable income in another, smoothing their taxable income over time.
Poland has one of the most restrictive approaches to the tax treatment of losses in the OECD.
Loss carryover provisions allow businesses to deduct their losses in one year against taxable income in another, smoothing their taxable income over time.
Their absence or restriction leads to firms with more variable profits and losses over time being taxed at higher rates, penalizing risky investment, such as research and development (R&D), and business...
The page is ready to read now. The fuller skim-friendly version will appear here automatically.
Poland has one of the most restrictive approaches to the tax treatment of losses in the OECD. Loss carryover provisions allow businesses to deduct their losses in one year against taxable income in another, smoothing their taxable income over time. Their absence or restriction leads to firms with more variable profits and losses over time being taxed at higher rates, penalizing risky investment, such as research and development (R&D), and business expansion.
Open the app view to save this story, compare related coverage, and continue from the same source.