RO trade union federation argues for higher corporate tax rates and progressive income taxation

The profit tax generates 5% of the budget revenues, while in the OECD countries, the corporate taxes represent on average 9.2% of the budget revenues, Cartel Alfa, a federation of trade unions, argues, advocating for major changes in the taxation system.

While in Romania property taxes bring only 1.8% of revenues, the average for OECD countries is 5.6%, Cartel Alfa also says in a letter quoted by Economica.net.

Enforcing what Cartel Alfa claims to be “balanced tax rates” would lead to gains for most low- and middle-income earners, it argues, supporting the case of progressive taxation. With budget revenues of only 27% of GDP, well below the European average of 41%, the Romanian state is failing in its constitutional mission to ensure the well-being of its citizens, say trade unionists.

(Photo: Robbiverte/ Dreamstime)

andrei@romania-insider.com

Normal

RO trade union federation argues for higher corporate tax rates and progressive income taxation

The profit tax generates 5% of the budget revenues, while in the OECD countries, the corporate taxes represent on average 9.2% of the budget revenues, Cartel Alfa, a federation of trade unions, argues, advocating for major changes in the taxation system.

While in Romania property taxes bring only 1.8% of revenues, the average for OECD countries is 5.6%, Cartel Alfa also says in a letter quoted by Economica.net.

Enforcing what Cartel Alfa claims to be “balanced tax rates” would lead to gains for most low- and middle-income earners, it argues, supporting the case of progressive taxation. With budget revenues of only 27% of GDP, well below the European average of 41%, the Romanian state is failing in its constitutional mission to ensure the well-being of its citizens, say trade unionists.

(Photo: Robbiverte/ Dreamstime)

andrei@romania-insider.com

Normal
 

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