Taxation outlook as per future governance programs
AGERPRES - Romanian News Agency - 1 Octombrie 2008
The major parties on the Romanian political scene - the Social-Democratic Party (PSD), the National Liberal Party (PNL) and the Democratic-Liberal Party (PD-L) - which will, after the Nov. 30 parliamentary elections, decide Romania's policy in the coming four years, have nominated their candidates for Prime Minister, announcing also the main elements of their governance programs. The candidates for PM are Mircea Geoana (aged 50) for PSD, Theodor Stolojan (aged 65) on behalf of PD-L and Calin Popescu-Tariceanu (aged 56) on behalf of PNL; the three ruling programs converge on just few points, but differ notably on the major issues.
The flat tax will be eliminated, reads the ruling program of the PSD-PC Alliance, yet a 16% profit tax will be maintained, whereas the tax on below-average incomes will on the other hand be cut. PSD contends that it will apply a tax surcharge on high incomes. The tax on dividends will be diminished, but that on real estate transactions will increase. It is still unclear what the tax surcharge on the affluent will be.
The Democratic-Liberal Party wants to maintain the flat tax of 16%, but it will on the other hand scrap the tax on profit reinvested in technology, as well as some 100 minor taxes that put a bureaucratic burden on public administration.PD-L also wants implement a law of fiscal accountability holding the Finance Minister responsible for his service to the national interest.
The National Liberal Party intends to keep the flat tax at its current level (16%) and cut social security contributions by 10 pct. PNL also proposed the reduction of VAT on particular products subject to regulation or from the energy sector, to support the inflation curbing policy.
Another goal of the PNL rule is the removal of obstacles on business development by simplifying national law and enforcing community legislation.
Sursa: http://www.rompress.ro
Tags: party
programs
facebook
twitter
linkedin
youtube
rss
newsletter