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Fiscal consultants see lump sum tax as effective way to fight tax evasion

Fiscal consultants see lump sum tax as effective way to fight tax evasion
07.04.2010, 20:11 5

The Government will continue to tax companies' losses in 2010 bypreserving the minimal tax on the turnover, although the lump-sumtax would be a fairer taxation and an effective instrument in thefight against tax evasion, believe fiscal consultants.

It is obvious for the entire market that the lump-sum tax draftlaw has been pushed back until 2011 in order for the Government tobe certain that around 1 billion RON will be collected to thebudget from the minimal tax. Moreover, the Finance Ministry has yetto find a version of the lump sum tax that is not considered unjustby the various categories of merchants and service providerstargeted - bars, restaurants, taxi drivers, small hotel operators,hairdressers, repair shops and car washes.

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