Polish government proposes 40% tax on shale gas extraction profits

Written by on October 17, 2012 in Europe, News - No comments

Polish government wants to tax hydrocarbon extraction at an estimated 40% of the eventual gross profits on extraction, PM’s Chancellery head Tomasz Arabski said following Tuesday government sitting which approved assumptions to the hydrocarbons bill.

“The government take on the extraction industry will be about 40% of income, of gross profit,” Arabski told a press conference.

For the full story, please visit The Warsaw Voice

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