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July 28, 2021
ECONOMY FINANCE&BANKING

Eugen Teodorovici: I’m not ruling out the return to progressive tax, if it makes sense. Fiscal Statement 600 could be merged with Fiscal Statement 200

Eugen Teodorovici, confirmed as Finance Minister by the Lower House’s Finance-Budget Committee on Monday, stated after the confirmation hearings that he does not rule out the return to progressive taxation, if this measure “makes sense” and if it is proven to be a better measure for Romanians, and also that Fiscal Statement 600 could be merged with Fiscal Statement 200.

The committee confirmed Teodorovici with 19 votes in favour, 12 against and no abstention.

“I’m not ruling out the return to progressive taxation, if it makes sense. It won’t be implemented if it’s not better for Romanians. I will never implement something that is disputed by the business sector, by simple taxpayers,” Teodorovici stated after the hearings.

The nominated minister pointed out that all proposals will be analysed, including the introduction of the global tax, which according to Teodorovici will not be implemented this year, and Fiscal Statement 600.

“In the case of Fiscal Statement 600, we will issue a Government emergency ordinance to extend the deadline for its lodging, and we are discussing several options, including merging it with Fiscal Statement 200,” Teodorovici stated.

The nominated minister said no extra tax and no tax hike will be adopted this year.

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