Tax Hikes Might Push 50,000 Cos Into Bankruptcy, Up Inflation To 10% – Romania PM
18:43, 07 Iun. 2010
Romanian Prime Minister Emil Boc on Monday said various scenarios revealed that increasing taxes instead of cutting salaries and pensions would have pushed at least 50,000 companies into bankruptcy and triggered a 10% inflation rate, compared to the current inflation target of 3.7%.