Polish PKO says can balance bank tax impact

December 10, 2015 9:40 AM

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WARSAW Dec 10 Leading Polish lender lender PKO BP said on Thursday that a tax set to be imposed on banks next year will be balanced by profits it expects to record from one-off transactions.

PKO will compensate the shortfall caused by the bank tax with profits from a transaction with VISA International, as well as from its bank assurance arm, PKO managing director Pawel Borys told Reuters.

Also read: Smaller IRS 1040 Tax Form Will Be ‘Postcard’ Size, Mnuchin Says

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