New Compromise on Poland Shale Gas Tax?

Two main political parties in Poland are seeking to find common ground for establishing a new tax regime for shale gas production.
 
According to the Dziennik Gazeta Prawna daily, the ruling PO party of Prime Minister Donald Tusk, is likely to agree on key provisions of the draft bill, prepared by the main opposition party PiS of Jaroslaw Kaczynski.
 
The latter, presented during European Unconventional Gas Summit in Krakow last month, proposes creating a Wealth Fund, funded by taxes paid by the companies and special state-owned company, which would take equity stakes in leases. In addition, the PiS draft contains incentives to help develop fields in first years of production.
 
DGP reveals, that the major difference between two drafts is the tax rate. PiS proposes that the overall burden would reach 40% of sales value. PO tends to opt for lower ultimate rate - writes the paper.
 
PiS is going to submit its draft on November 22, during the first working session of the new parliament.
 
Current oil and gas tax regime in Poland is still tailored for a state-owned monopoly model, with a very low royalty in place.