EY: Romanian entrepreneurs prefer simpler tax rules to tax cuts

About 60% of the Romanian entrepreneurs consider that simplifying tax rules and regulations for the calculation of tax liabilities would have a greater impact on improving the fiscal environment in Romania than a cut in taxes. Only 14% of the entrepreneurs believe that cutting the taxes on corporate profits would improve Romania’s tax collection, according to the EY study “Entrepreneurs speak - Romanian Entrepreneurship Barometer.” Some 11% of the respondents consider that setting up a government agency that would assist new companies in complying with tax requirements would also help improve the tax environment. Over half of Romanian entrepreneurs expect friendlier environment in maximum 10 years Which are the biggest obstacles to starting and developing a business in Romania? editor@romania-insider.com