Jeffrey Franks: Differing VAT and smaller social contributions, likely options in case of budget room

A differentiated VAT or smaller social contributions might be possible future options, but only if there is budget room for them, IMF mission chief Jeffrey Franks told a press conference on Monday. 'The issue of a differentiated VAT was discussed with the authorities in Bucharest and I will come with the same reply. As a whole, we want the tax system to remain stable, but we hope an opportunity will come up in the future to optimize the system. Differentiated VAT rates or of ...

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