22.6 C
Bucharest
August 10, 2022
ECONOMY

ComMin Petrescu: Prevention law will improve public revenue collection

Prevention law will generate an improvement, not a decrease in the collection of public revenue, Minister of the Business Milieu, Commerce and Entrepreneurship Alexandru Petrescu said Wednesday in Pitesti.

“Sometimes they ask me, and that is how I figure out where public mentality stands on it, whether or not the prevention law runs counter to us having to collect more public revenue. No, there is no such connection; in fact, the prevention law will help collection; it will not generate a decrease in collection because the prevention law will help us inspire trust,” Petrescu told a debate on the “Start-Up Nation – Romania” programme.

He went on to say the prevention law will be just a first stage in a wider process of business legislation streamlining.

“If we keep up the consultation pace until May 2, when the law is scheduled to be posted on the ministry’s website and open for amendments, modelling and discussions, I am sure we will have a law that will in fact be a first step forward toward what I call oversight emancipation. (…) After that, part of a wider strategy, we will have to move on to touch the law regulating the activity of the Court of Accounts and perhaps other bodies as well that have a major impact on the smooth running of local administration and evidently an impact on the business community,” said Petrescu.

Related posts

10 years of growth for Fondul Proprietatea with Franklin Templeton at the helm

NINE O'CLOCK

PwC global survey: 73% of CFOs are greatly concerned about the effects of COVID-19 on their operations

NINE O'CLOCK

PwC: VAT rates to increase from 2023 with implications on food, real estate sectors

NINE O'CLOCK