Romania is sending a welcoming signal to investors in order to locate their structures in our country and furthermore, to attract their businesses, to have more companies able to generate profits, employment and hence more taxes to the state budget. This is one of the few measures that can be computed as “pro economic growth” in a number of others which, unfortunately, are issued only in the immediate purpose of producing more money to the state budget. There is still a severe lack of public debates when a new tax or law is to be implemented. And many of the unwelcomed measures could be more easily digested if proper and reasonable explanation are provided by the Authorities.
On the same idea but in a different area, we should pay special attention to the reorganization process of NAFA, financed by World Bank with an amount of 70 million Euros, which is meant to be a fundamental restructuring of all the functions and processes that this institution is based on. The purpose is to create a new entity that should be able to respond properly to the challenges of a modern fiscal administration. It is a process that is expected to take about 4-5 years, which is quite long, but the final product is intended to be at highest level. Nevertheless, based on our unfortunate history on the issue, we hope to last no longer than that.
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