Ernst&Young official: Improving tax collection from 70 pct should shrink deficit

Romania's tax authorities should increase the tax collection rate from a current 70-75 percent as this is an efficient way of shrinking the Budget deficit, instead of levying new taxes, Ernst&Young Tax Assistance Partner Alex Milcev told Agerpres at a conference on the latest changes in the tax legislation to come into effect in 2012.The latest changes in the Tax Code are said to be thought in the context of shrinking the Government deficit. Milcev said a solution would be ...

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