PM Tudose: We won’t introduce the supplementary tax on turnover

“I firmly stressed in Brussels that we won’t introduce that supplementary tax on turnover and that Romania will remain predictable regarding the financial- fiscal system”, said Romanian PM Mihai Tudose at the end of the meeting he had on Tuesday with the European Commission’s president, Jean-Claude Juncker and Frans Timmermans, prim-vice president of European Commission.

Tudose said that the government’s simulations and expectations show that the target will remain at 3 percent.

He added that it becomes more clear that the turnover tax “cannot be introduced”.

“I touched the subject with president Juncker over an European directive from 2016, that stipulates an effort of European states for transparency and inter-connectivity on financial information of multinationals or firms that outsource their profit, leading to an artificial diminishment of the profit and the tax per profit base. It’s an important directive, that we’ll have to implement anyhow, but it’s about the principle of each economic agent to pay their tax per profit where they get the profit and what we talked about before is off the point, because they don’t outsource the profit, but hide it outside EU. And Juncker is right when he says that we have to find mechanisms here, but we won’t implement anything that solves a case and ruins the well-function of correct economic agents, ” said Tudose.