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Eugen Radulescu BNR: Romania’s GDP would grow by 3% if taxes were collected at Bulgaria’s level

Romania's GDP might grow by 3% if taxes were collected at Bulgaria's level, a value similar to that collected from income taxes, Eugen Radulescu, the director of internal audit from BNR declared on Thursday.

He also showed that fiscal evasion has reached the dimension of a national security problem.

'If we had political will and taxes were collected at Bulgaria's level we could have an additional 3% from GDP, that is the whole tax on profit,' Eugen Radulescu declared, mentioning that Bulgarian authorities hired foreign experts who handle the question of tax collecting.

The BNR official showed that there are major weaknesses within the collection chain and the level of fiscal evasion is endemic. 'The question can be considered a national security one. It creates major distortions in the competition area because some pay and others don't. Some are powerful and controls never reach them as controls are only for dupes,' Radulescu said at the conference 'Present coordinates of restructuring Romanian economy.'

Progressive share is not a solution to balance budget

Eugen Radulescu considers that returning to the single share will not lead to balancing the budget, in conditions in which income tax returns represent about 3% of GDP.'The return to the progressive share will not bring a balanced budget deficit. It could happen that employers will pay employees without paying taxes or will go to our Hungarian neighbours who will introduce the single share,' the BNR director said.He mentioned that at present there are five kinds of social contributions paid by employers, three kinds paid by employees and the single share of 16% so that for every 100 lei of incomes 81% represents taxes. If we returned to the 2005 system for every 100 lei of income 105 lei would represent taxes, Radulescu showed.

Sursa: http://www.actmedia.eu

Tags: taxes radulescu share level eugen bnr collected

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