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Corporate Income Tax Contribution of the Polish Financial Sector

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  • Stiller Wojciech

    (Department of Business and Economics, Hochschule für Wirtschaft und Recht Berlin, ORCID: 0000-0003-4578-8869.)

Abstract

The financial crisis has stimulated debate on the taxation of the financial sector. The focus is on the bank levy and financial transaction tax, whereas corporate income tax attracts less attention in the public debate. Accordingly, this study analyses the contribution of the financial sector to Polish revenue from corporate income tax. Based on tax statistics of the Ministry of Finance from 1998 to 2016, the aggregated effective tax burden of the financial sector is determined and compared with the tax burden of corporations from other sectors. In addition, the study deals with loss deduction of the financial sector in comparison to non-financial corporations.

Suggested Citation

  • Stiller Wojciech, 2018. "Corporate Income Tax Contribution of the Polish Financial Sector," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 14(2), pages 83-91, June.
    • Handle: RePEc:vrs:finiqu:v:14:y:2018:i:2:p:83-91:n:3
    DOI: 10.2478/fiqf-2018-0014
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    References listed on IDEAS

    as
    1. Jost H. Heckemeyer & Ruud A. de Mooij, 2017. "Taxation and Corporate Debt: Are Banks Any Different?," National Tax Journal, National Tax Association;National Tax Journal, vol. 70(1), pages 53-76, March.
    2. Merz, Julia & Overesch, Michael, 2016. "Profit shifting and tax response of multinational banks," Journal of Banking & Finance, Elsevier, vol. 68(C), pages 57-68.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    corporate income tax; effective tax burden; financial sector; Poland; tax revenue;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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