Published at: 2019-06-14 09:33 | Author: Robert McLean
Ioana Roman, Partner Filip & Company, says Romania’s government amendments to the new tax on banks leaves the business environment intact
Can you explain the issue of the so-called Greed Tax that was created by the Romanian government?
In December 2018, the Romanian government decided with very little prior public consultation to impose a new tax on banking assets. The tax was to be determined by reference to ROBOR, the interbank lending rate. At the level of ROBOR at the date of its enactment the tax would have amounted to 2% of banking assets per year.
Following amendments to the EGO 114/2018 at the end of March 2019, the new...

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