European Commission: Banking system in Romania will be highly affected by tax on financial assets
Publicat:The Romanian banking system stability is threatened by the recent introduction of the "tax on greed," which will significantly affect solvability and profitability of the banks and worsen things for the weaker ones, according to the country report for Romania issued by the European Commission (EC) on Wednesday.
In the end of last year, without consulting the parties involved and without assessing the impact, the Government decided, through the Emergency Ordinance 114, to lay tax on the financial assets of banks in the event the ROBOR level exceeds 2 per cent (which contribution was initially…
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