Next year will see a cut in the corporate income tax (CIT) from 27 per cent to 19 per cent, and the introduction of a flat, 19 per cent personal income tax (PIT) rate for small-business owners, instead of the previous 19, 30, and 40 per cent progression. What will be impact of these cuts? Will they help fulfil hopes for a recovery in capital spending and job creation, and in effect for stronger economic growth?
Presented below are opinions from some of the leading economic experts, polled by the financial market monthly magazine Bank.
Dariusz Rosati, RPP:
