Transfer pricing deprive Poland of tax revenues
International companies operating in Poland manipulate prices used in transactions between the parent company and its subsidiaries to transfer profits abroad and to avoid paying high income taxes in Poland, according to Rzeczpospolita daily, quoting an unnamed tax inspector. Polish tax inspectors are unable to estimate how much Poland's treasury loses every year due to such practises, but it could be million of dollars as many internationally profitable companies record losses on the Polish market for years. The main problems are deficiencies in the tax law and the incompetence of treasury inspectors. Some companies, including Agros and Michelin, are accused of transferring profits to their foreign owners. kp
Źródło:IntelliNews Daily
