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Wednesday, January 05, 2005

IMF aproves flat taxt rate

It has been a long discussion about IMF not aproving the flat tax rate of 16% before it actually is adopted.

I have learned today that an IMF official, Graeme Justice, aproved the flat tax rate, warning in the same time about the need to stick to the 1.5% of GDP deficit target.

"The introduction of flat income tax is in accordance with a good taxation policy and with the developments in the region," International Monetary Fund (IMF) resident representative in Romania Graeme Justice said upon an briefing with Prime Minister Calin Popescu Tariceanu at Victoria Palace [government headquarters] in Bucharest.

This tax policy, the prime minister said, is aimed at boosting Romanian investments and attracting foreign investments, especially that the Government has decided to do all it can for Romania to consolidate its position in the competition with the countries in the region.

Posted by Mihai : 1/05/2005 02:01:00 pm