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Romanian has second-lowest tax-to-GDP ratio in the EU

The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of GDP, rose to 40.2 percent in the EU in 2017, from 39.9 percent in 2016, http://business-review.eu reports. Romania has the second-lowest ratio in the EU of 25.8 percent of GDP, after Ireland (23.5 percent). The tax-to-GDP ratio varies significantly between Member States, with the highest share of taxes and ...

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