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Senate Budget Committee approves flat tax cut from 16 percent to 10 percent

Members of the Committee on budget, finance, banking and capital markets in the Senate have approved on Tuesday, unanimously, the flat income tax cut from 16 percent to 10 percent.'We considered the example of other countries in the region, as Hungary, Bulgaria and we do not see why Romania could not do the same thing. It turned out, when the 16 percent flat tax was applied, that state revenues have not decreased, but increased instead. A fall in the tax rate led to higher ...

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