Additional commentary on Windfall Tax Bill
Additional commentary on Windfall Tax Bill
AmCham’s comment opposes the introduction of the additional profit tax due to its retroactive nature, misalignment with Croatia’s Constitution, and potential economic harm. It highlights that many businesses achieved profit through planned investments, not unexpected gains. The proposal recommends calculating the tax base using only real operational results, excluding extraordinary or irrelevant income, and considering corporate restructurings. AmCham also calls for clear criteria on economic conditions and transparent allocation of tax revenue, ensuring compliance with EU regulations on targeted social support and fair taxation.