News » February, 2011 » 3 February 2011
VAT Cut Not An Option For Romania - Fin Min Off
03.02.2011, 12:03 | Finance-Banks | 861 views
Reducing the value added tax is not a good solution for Romania, as it will not lower prices, but it will have a negative effect on the predictability of the fiscal framework, Finance Ministry state secretary Dan Lazar said Thursday. "We had to take a quick and certain measure, so we raised the VAT. Now, people talk about reducing the VAT. We believe in the principle of keeping the stability of the main taxes and cutting the VAT is not a good solution at the moment," Lazar said at a seminar organized by Ziarul Financiar daily. Read more on Mediafax.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
