RO Social Democrats insist on amending taxation system

06 December 2021
Normal

RO Social Democrats insist on amending taxation system

06 December 2021

Romania's senior ruling force, the Social Democratic Party (PSD), will initiate a thorough debate over the country's taxation system - with the participation of the investors, National Bank of Romania and academics, party's deputy prime minister Sorin Grindeanu stated in a TV show at Digi24.

He said that within a couple of months, the parties involved might reach a robustly reasoned conclusion.

Grindeanu argued that only four of the European Union's member states have such flat tax rates as Romania - which, furthermore, has a long list of exceptions to the so-called "flat tax rate."

"I trust our reasoning will be very good, so that we will end with a different tax system," Grindeanu steed - leaving the door open to any outcome of the discussion, though. "Let's not anticipate, some things might sound good [on paper], and in practice, they might have exactly the opposite effects," he said, quoted by Bursa.

(Photo: Gabriel Petrescu/ Dreamstime)

andrei@romania-insider.com

Romania Insider Free Newsletters