Poland Issues Clarification on Proposed GAAR
On 27 November 2014, the Polish Ministry of Finance published a press release clarifying the country's proposed general anti-avoidance rule (GAAR). The GAAR was proposed in draft legislation in July 2014.
The proposed GAAR would apply if a taxpayer uses an artificial legal structure with the primary purpose of obtaining substantial tax benefits. In such case, the tax authorities would be empow…
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