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TAX EVASION

23 articole · RSS

Banks-Insurance

ZF Conference: Tax Evasion A Form Of Unfair Competition. Improve Collection, Don’t Hike Taxes!

The problem of tax evasion is systemic and has been perpetuated over time, affecting budget revenue collection. It has also affected honest companies, which have to compete against many play...

Tudor Ioana Raluca · 30.10.2013 · 08:00 · 2 min
Fiscal Council: Tax Evasion In Romania At RON81B In 2012, Or 14% Of GDP
Banks-Insurance

Fiscal Council: Tax Evasion In Romania At RON81B In 2012, Or 14% Of GDP

Tax evasion in Romania climbed about 3 basis points since the beginning of the crisis to 14% of the gross domestic product in 2012, from 11.2% of the GDP in 2008, according to a report by th...

Ioana Tudor · 12.09.2013 · 19:30 · 1 min
PwC: Lowering VAT On Bread To Reduce Tax Evasion If Complemented By Other Measures
Retail&Consumer

PwC: Lowering VAT On Bread To Reduce Tax Evasion If Complemented By Other Measures

Lowering the value added tax on bread from 24% from 9% is an important step in reducing tax evasion in the bread industry and the measure should also be applied to meat, milk, sugar and vege...

Ioana Tudor · 30.07.2013 · 18:36 · 1 min
Romania Loses EUR22B A Year To Tax Evasion
Social/Politics

Romania Loses EUR22B A Year To Tax Evasion

Romania ranks second in Eastern Europe in terms of its underground economy, with almost EUR40 billion in absolute terms in 2013, shows a study of AT Kearney on Europe’s underground economy r...

Oana Gavrila · 22.07.2013 · 08:00 · 1 min
Retail&Consumer

Romalimenta: About 90% Of Romanian Small Retail Stores Operate Illegally

About nine in ten Romanian small retail stores operate on the black market, while authorities turn a blind eye to them and check only those which operate legally, Sorin Minea, head of the fo...

Ioana Tudor · 25.10.2012 · 18:42 · 1 min
Former ANAF Head Criminally Investigated In Tax Evasion Case
Social/Politics

Former ANAF Head Criminally Investigated In Tax Evasion Case

Romanian prosecutors have started criminal investigations against Sorin Blejnar, former head of tax authority ANAF, and his former adviser Codrut Marta in a tax evasion case.

Ioana Tudor · 01.08.2012 · 15:03 · 1 min
Social/Politics

Two ANAF Managers Arrested In Tax Evasion Case

The Bucharest Court on Thursday placed tax authority ANAF deputy general manager Nicusor Dragan, ANAF acquisition manager Dan Stroe and 17 other people under preventive arrest for 29 days in...

Ioana Tudor · 26.07.2012 · 14:17 · 1 min
Informal Employment Causes Losses Of EUR2.7 Bln/Year To Romania's Budget
Macroeconomics

Informal Employment Causes Losses Of EUR2.7 Bln/Year To Romania's Budget

One year after the entry into force of Romania’s new Labor Code, the economy has recovered only 100,000 jobs of more than 650,000 it had lost during the crisis. However, one in three Romania...

Ecaterina Craciun · 28.05.2012 · 00:00 · 3 min
Finance Ministry Admits Agriculture Is Not Taxed, So It Cannot Raise Budget Collections
Social/Politics

Finance Ministry Admits Agriculture Is Not Taxed, So It Cannot Raise Budget Collections

After years in which the authorities and politicians have just talked about taxing agriculture, the Finance Ministry readily admits “agriculture is less taxed than the rest of economic secto...

Radu Bostan · 11.04.2012 · 00:00 · 2 min