FAQ

Legal and Financial Aspects of the Development of Pension Funds in Poland

Publication date: 29.03.2019

Financial Law Review, 2019, Issue 13 (1)/ 2019, pp. 15 - 28

https://doi.org/10.4467/22996834FLR.19.002.10278

Authors

,
Jerzy Piotr Gwizdała
Department of Finance and Financial Risk at Faculty of Management, University of Gdańsk, Bażyńskiego 6, 80-980 Gdańsk, Poland
All publications →
Marzena Wojtaszko
University of Gdańsk Bursar’s Deputee, Bażyńskiego 6, 80-980 Gdańsk, Poland.
All publications →

Titles

Legal and Financial Aspects of the Development of Pension Funds in Poland

Abstract

The aim of the article is to show the impact of pension reform in Poland on the development of pension funds (OFE). The focus is on an analysis of pension funds the functioning of which in recent years has been subject to extensive modifications. It also investigates the level of knowledge about social insurance in Polish society. As a result of a review of the literature and documents published by Poland and EU member states, a synthetic study of legal and financial aspects regarding the development of Open Pension Funds (OFE) during a period of intense systemic changes in Poland is offered. The article expands and organizes knowledge about the functioning of pension funds in Poland and makes it possible to look critically at their development and the transformations leading to the liquidation of Open Pension Funds. The described results of these analyses are of a partial nature and constitute a fragment of broader research carried out by the authors.

References

Download references

Alvarez M., et al: Aproximacion al concepto de beneficiario efectivo, Approach to the Concept of Effective Beneficiary Available at: http://fcea.edu.uy/Jornadas_Academicas/2016/Ponencias/Contabilidad/Marziali,%20Alvarez%20y%20Garcia.pdf, access date 10th June 2018.

Brook, B.: Perspectives of the Codification of the Concept of a Beneficial Owner in the Russian Tax Legislation, Law no. 8. С (2014).

Collier R. Relevance of the OECD BEPS Project to Derivatives and Financial Instruments, Derivatives & Financial Instruments Vol. 16, No. 6 (2014).

Danon, J. R.: Treaty Abuse in the Post-BEPS World: Analysis of the Policy Shift and Impact of the Principal Purpose Test for MNE Groups, Bulletin for International Taxation Vol. 72, No. 1 (2018).

Eckert, J.-B. et al: Switzerland: The concept of beneficial ownership in double tax treaties in the context of financial transactions (2017), Available at: http://www.internationaltaxreview.com/Article/3745736/Switzerland-The-concept-of-beneficial-ownership-in-double-tax-treaties-in-the-context-of-financial.html, access date 1st June 2018.

Hagmann, Fr.: Beneficial Ownership - a concept in identity crisis, Lund: Lund University, 2017.

Kotlyarov, M.: The Concept of Beneficial Ownership in the OECD Model Tax Convention 2010: A Critical Analysis, Yekaterinburg, 2015.

Malek B. The concept of beneficial ownership in tax treaty practice, Lausanne: University of Lausanne, 2018.

Pérez J. D. P.: Are the LOB provisions efficient measures to prevent tax treaty hopping by taxpayers?, Tilburg: Tilburg University, 2017.

Preventing the Granting of Treaty Benefits in Inappropriate Circumstances, Action 6 // 2015 Final Report, OECD/G20 Base Erosion and Profit Shifting Project, Paris: OECD Publishing, 2015, Available at: https://www.oecd-ilibrary.org/docserver/9789264241695-en.pdf?expires=1524455484&id=id&accname=guest&checksum=DFE00B685562F388C61FBC38A3D6FB03, access date 21st April 2018.

Vallada, F.: Beneficial Ownership under Articles 10, 11 and 12 of the 2014 OECD Model Convention, in: Lang, M. et al: The OECD-Model-Convention and its Update 2014: Schriftenreihe IStR Band 90, Wien: Linde Verlag, 2015.

Yoshimura, K.: Clarifying the Meaning of “Beneficial Owner” in Tax Treaties, Tax Notes International No. 761 (2013).

Legal acts:

Members of the Inclusive Framework on BEPS. Available at: http://www.oecd.org/tax/beps/inclusive-framework-on-beps-composition.pdf, access date 29th May 2018.

United States Model Income Tax Convention. Available at: https://www.treasury.gov/resource-center/tax-policy/treaties/Documents/Treaty-US%20Model-2016.pdf, access date: 10th June 2018

Information

Information: Financial Law Review, 2019, Issue 13 (1)/ 2019, pp. 15 - 28

Article type: Original article

Authors

Department of Finance and Financial Risk at Faculty of Management, University of Gdańsk, Bażyńskiego 6, 80-980 Gdańsk, Poland

University of Gdańsk Bursar’s Deputee, Bażyńskiego 6, 80-980 Gdańsk, Poland.

Published at: 29.03.2019

Article status: Open

Licence: CC BY-NC-ND  licence icon

Percentage share of authors:

Jerzy Piotr Gwizdała (Author) - 50%
Marzena Wojtaszko (Author) - 50%

Classification number:

JEL Classification System:

Government Expenditures and Welfare Programs (H53)
Social Security and Public Pensions (H55)
Particular Labor Markets: Monopsony | Segmented Labor Markets (J14)
Human Rights Law | Gender Law \Animal Rights Law (K38)

Article corrections:

-

Publication languages:

English