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January 24, 2022

Solidarity tax rejected by Senate

The bill initiated by the National Union for Romanian Progress (UNPR) regarding the institution of a 1 per cent solidarity tax out of declared wealth above EUR 450,000 was rejected, yesterday, by the Senate. The report on the repeal of the bill, drafted by the budget committee, was adopted by the senators with 53 votes “in favour”, 44 votes “against” and four blank votes. In the general debates, the Social Democratic Party (PSD) Senator Dan Sova proposed an amendment in the assembly, calling for a raise of the solidarity tax from 1 to 10 per cent. His amendment, met with an ironic remark by the Liberal Varujan Vosganian, who argued the PSD senator was dragging to trivial levels the Social-Democrat principle of social solidarity, was rejected by the Senate assembly, with 52 votes “against”, 38 votes “in favour” and nine blank votes.

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