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September 25, 2022

Tariceanu: Senate Standing Bureau to call extraordinary session on Fiscal Code next Monday

Senate Speaker Calin Popescu-Tariceanu says the upper house’s Standing Bureau could decide at its meeting on Thursday to call an extraordinary plenary session of Parliament for next Monday to discuss the Fiscal Code.
“The Senate (…) Standing Bureau due to meet tomorrow [Thursday] will call an extraordinary session on the Tax Code issue. (…) I discussed with the fellow senators and we’ll propose tomorrow to call [the Senate extraordinary session] on Monday”, Tariceanu, who co-chairs the Romanian Alliance of Liberals and Democrats (ALDE) told a news conference at the Senate office on Wednesday.
He explained the ALDE representatives consider the proposed Fiscal Code necessary for the economy of Romania, as it “meets the expectations of the business climate”; his party, therefore, will back the adoption of the Tax Code under its current form by the Parliament, he added.
“It is also a matter of consistency, of commitment to the social partners [the unions and employers], to the partners in the economic climate, to the Coalition for Development with whom we worked and agreed these measures. I do not think that the Tax Code, at this moment, should become an issue of discussion and political negotiations between the majority and the opposition. I do not see why a political discussion should be held, when the measures included in the Fiscal Code are aimed at strengthening the growth of the economy and improving the living standards”, Tariceanu argued.
The Senate head stressed the planned cut in the value-added tax to 19 percent “is one of the key measures set in the fiscal Code”.
“The slashed VAT for foodstuffs has already showed its positive impact, so that it should prompt some people who today oppose cutting the VAT, with various arguments, to ponder over the matter. I’ve noticed this prudence at the PNL [opposition Liberals], they want the VAT to be gradually cut in two phases. But be it 19 percent or 21 percent, the same thing happens, the 1 percent deficit will be exceeded all the same. To dogmatically observe these figures is, at least in Romania’s case, counter-productive. If Romania submissively aligns to this magic figure of 1 percent budget deficit (…) we will keep being one of the countries trailing at the bottom of Europe”, he said.
Tariceanu explained that the only situation in which ALDE lawmakers would not back the adoption of the new Tax Code would be if its main provisions were “severed”.

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