Romanian Tax On Large Wealth To Not Apply To Bank Accounts – Fin Min

Romania's taxes on wealth will not apply to bank accounts, as bankers have warned there is a risk of massive withdrawals, only to real estate property, yachts, "wealth in general," Finance Minister Gheorghe Ialomitianu told Hotnews.ro.

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It would be no problem if Romanians moved their money from one account to another, said Ialomitianu, but given Romania's strong "cash culture," they might be tempted to empty their accounts, damaging the system.

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