May 16, 2018

Social Democrat leader Dragnea announces upcoming tax evasion legislation shake-up to remove current flaws
May 16, 2018

Social Democrat leader Dragnea announces upcoming tax evasion legislation shake-up to remove current flaws.
Chamber of Deputies Speaker Liviu Dragnea announced on Wednesday at the launch event of the 2018 State Aid Scheme instituted under Government Resolution No. 807 that the tax evasion legislation will be changed within short on grounds that it is "flawed and gives rise to the possibility that any control agency accuses any business person of tax evasion". Dragnea argued that a healthy economic development requires Romania's business milieu to be increasingly stronger and stable, highly confident in the future and willing to invest more in Romania. "Actions to combat smuggling and tax evasion will continue, but at this point I'd like to note this - I think Romanian tax evasion legislation is bad and creates the possibility for any control agency to accuse any business person of evading taxes. It's so complicated, so dangerously conceived and worded that any business person could be accused of dodging taxes right as we speak. (...) In a relatively short time we'll come up with serious proposals to change this legislation for business people in Romania to be sure of one simple thing: they have no trouble at all if their handling is honest, and if they are dishonest they might have trouble. But let them no longer linger in the permanent uncertainty that someone might show up accusing them of tax evasion while they are convinced they did nothing of the kind," said the Social Democrat leader. He said that many Romanian business people are looking to sell their local business because they want to move elsewhere "out of fear". "We must state this openly: this is not the Romania we had in mind, this is not the business milieu we were after. We have a completely different approach and we want a truly serious, real and honest partnership between public authorities and the business milieu," Dragnea said. At the end of the event, the Lower House Speaker said the change of the tax evasion legislation has been in talks inside the ruling coalition for some time now. "We have been discussing the subject for some time now, we discussed it inside the coalition and in the party, at the government too, we talked it over with business people at various meetings and even with the Superior Council of the Magistrates (CSM), because the relevant legislation must be sorted out and clarified, because the way it is today it's unclear and thus gives room for interpretation - as customary in Romania - by control agencies against the person verified," said the PSD leader, mentioning that talks were aimed at attaining the "main goal" of having a clear legislation in place. "Let us not forget the desire and the principle we are highly particular about, the principle of prevention; let us not necessarily seek to shut down the respective businesses or - as this has been frequently the case in Romania - send business people behind bars. And let's also clearly delineate the tax evasion zone from the law observance area, for the companies to know, because the way they are now things are not clear and the decision is at the discretion of the tax inspector who is not quite sure himself, and then it's for the prosecution to sort out the matter. (...) And instead of making profit, creating jobs and economic growth in Romania, the business people's concern is with these checks performed on ground of unclear legislation. We are also highly interested that in such cases the method to recover the money is also established, yet not by finishing off the source of revenues and economic growth for Romania," Dragnea detailed. He emphasized that under the current confused legislation, "any company can be accused of money laundering". Referring to the version proposed by CSM, Dragnea said he considers it to be an important step forward: "What I find most important is that increasingly more institutions understand to move out of the shadowy, dark approach that has been specific to Romania in the past ten years and head towards a positive, correct and healthy approach, aimed at the country's growth and development." AGERPRES (RO - author: Catalina Matei, editor: Florin Marin; EN - author: Simona Klodnischi, editor: Simona Iacob)
[Read the article in Agerpres]

British School of Bucharest is the only school in Romania rated as ‘excellent' by the UK Independent School Inspectorate British School of Bucharest is the only British School in Romania rated as ‘excellent’ for both “the quality of pupils’ learning and achievements”, as well as the “quality of pupils’ personal development”. British School of Bucharest provides a comprehensive international education, based on the (...)

Romania Is Losing 140,000 People A Year Or Almost EUR2B In Wages Alone Romania’s economy is losing some EUR2 billion every year because 140,000 people ‘vanish’ from statistics, either due to migration abroad or to the negative birth rate.

Romania's Court of Auditors to check purchases by public authorities The Court of Auditors will be the only institution that will check the way in which public institutions and companies award public procurement contracts, said finance minister Eugen Teodorovici. The Government is currently working on changing the public purchase legislation to simplify the (...)

Ford Romania CEO asks Govt. to stick to infrastructure commitments The Romanian authorities should respect their commitment related to developing road and rail infrastructure as transport costs are higher in Romania than in most of Western Europe, says Ford Romania’s British CEO Ian Pearson. “Ever since it came to Romania, Ford has been saying, like all (...)

Foreign companies involved in Euro 2020 in Bucharest won't pay income tax The Romanian Parliament decided on Wednesday, May 23, that foreign companies and institutions that will be involved in organizing the Euro 2020 football championship matches in Bucharest won’t pay income tax. Moreover, publicity related to the tournament won’t be taxed either, local (...)

National Institute of Statistics to release tribute volume with last 100 years official data The National Institute of Statistics (INS) has in view to release by year-end a tribute volume with series of statistical data of the last 100 years, on Wednesday said in a specialized conference this body’s president Tudorel Andrei. “There is this difficulty to restore the series of data at (...)

Sphera Franchise Steps Up Expansion, Opens 26 Restaurants In 2018 Sphera Franchise Group plans to open 26 restaurants this year, speeding up expansion. The company operates the KFC franchise in Romania, the Republic of Moldova, and some parts of Italy, as well as the franchises of other international brands - Pizza Hut, Pizza Hut Delivery and Taco Bell in (...) : all romanian news. Copyright © DIRECTWAY | News RSS |