EU Probes Polish Supermarket Tax
Mohammad Ali (@ChaudhryMAli88) Published September 19, 2016 | 07:35 PM
BRUSSELS, (APP - UrduPoint / Pakistan Point News -19th Sept,2016) - The European Union on Monday opened a probe into Poland's new tax on supermarkets, risking to worsen a row with conservative-led Warsaw.
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.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 30 April 2024
Today Gold Rate in Pakistan 30 April 2024
Wembanyama in France: NBA Spurs to play Pacers in Paris in January
Russian missile kills two in Ukraine's Odesa: governor
Dutch Embassy celebrates King Willem-Alexander's birthday
Need of concrete steps stressed for safe, nutritious milk availability
Scotland's leader Yousaf quits after a year
Services of GDA Pakistan China Friendship Hospital launched
Mining giants Vale, BHP propose $25 bn settlement over Brazil dam collapse
Georgia ruling party stages mass rally to counter protests
Bayern ready for 'extraordinary' Bellingham, says Tuchel
PTI leaders get interim bail
More Stories From World
-
Children's shoes highlight Gaza's Khan Younis city exodus chaos: UN
11 minutes ago -
At least 25 dead in Peru after bus plunges into ravine
21 minutes ago -
Amazon Purr-rime: Cat accidentally shipped to online retailer
31 minutes ago -
Tokyo stocks open higher with focus on yen
50 minutes ago -
Lewandowski treble fires Barca to Valencia win
51 minutes ago -
Vardy leads Leicester to Championship title
1 hour ago
-
Occupiers using fake news to de-legitimize freedom struggles, including in Kashmir, Palestine: Pakis ..
1 hour ago -
Thunder seal Pelicans sweep to advance as Celtics on brink
2 hours ago -
Nadal keeps his clay dream alive as he battles past Cachin
2 hours ago -
Tesla wins key China security clearance during Musk visit
8 hours ago -
Football: South African Premiership table
8 hours ago -
Tennis: ATP/WTA Madrid Open results - 3rd update
8 hours ago