He mentioned the minimum tax prompted the effects estimated. Boc also said the Executive will keep the flat tax at 16 percent as the previous experiences showed progressive taxing does not pave the way to higher revenues at the state budget.
In promising to retain the flat tax, Basescu is speaking in the name of the Government and Parliament, the institutions which are normally responsible for such a decision. A similar situation cost U.S. President George Bush his second term. “Read my lips: no new taxes!” was the message that helped Bush win the 1988 elections, ...
“Our recommendations are not radical, but in the context of the current revenue collection deficit, we thought which would be the measures that could help improve the degree of collection,” the Executive Director of the American Chamber of Commerce in Romania – AmCham, Anca Harasim, told Business Standard yesterday. “Creating a ceiling for social contributions ...
