September 25, 2018

Florin Georgescu, BNR: Commercial, tax and accounting legislation must be strong

According to Florin Georgescu, First Vice Governor of the National Bank of Romania (BNR), Romania must strengthen the commercial, tax and accounting legislation in order to reduce tax evasion, while the economic governance seeks to limit the fluctuations of the cycle. “This measure falls into a general policy calling for the domestic use of every country’s resources and here we mention the global call launched by the G20 member countries for rendering the banking sector more transparent and abolishing tax havens. Thus, the funds channeled from the national states into these tax havens will be used as personal resources in the country of origin, they will generate jobs, be used as budgetary resources aimed at developing the public infrastructure,” Florin Georgescu told the Bucharest Forum on Saturday.
Source: Nine o’clock (read more)

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