ECONOMY FINANCE&BANKING

Senate Speaker Tariceanu: We are interested to endorse Romanian capital and investors

President of the Senate Calin Popescu-Tariceanu draws attention on an “unbalanced situation” in regards to companies running on Romanian capital and the ones on foreign capital of Romania, taking into account that companies with Romanian capital carry a load three times higher in terms of corporate income tax than the foreign ones.

“The problem that concerns us is that of a currently unbalanced situation in respect to companies with Romanian capital and companies with foreign capital of Romania, taking into account that companies with Romanian capital carry a load three times higher in terms of corporate income tax than the ones with foreign capital. Just as we grant fair and equal, undifferentiated, non-preferential treatment to all companies, we would like for the companies to have the same fair and equitable behavior towards the Government. We know very well that big corporations carry out all sorts of operations, otherwise legal, for transferring the profit to the parent-companies, but we believe that the place where they carry out their activity, the place where they receive certain economic advantages, as it happened, for instance, in Romania with the state aid, should include the idea of a fair behavior towards the Government and the state that hosts them,” Tariceanu told Antena 3 private broadcaster.

He revealed that this problem “is not specific to Romania,” but to “many countries where multinationals operate and find legal ways to export the profit.”

“We are interested to endorse the Romanian capital and investors. Namely, if we take a look over the figures regarding the state aid over the past years and especially in the year of the technocrat gov’t, you will see that there are two Romanian companies that benefited from the state aid, the rest are only foreign companies. And, at the end of the year, when we draw the line, we see what I have told you: Romanian companies pay three times more corporate income tax than the foreign ones. Well, is that fair?,” Calin Popescu-Tariceanu concluded.

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