progressive taxation

The interim president of the PSD, Sorin Grindeanu, said on Monday that a social-democratic party cannot abandon a fiscal policy based on progressive taxation, while also criticizing the practices through which VAT is deducted in Romania.

A return to progressive taxation would not help balance the budget deficit, since taxes collected on revenue represent some 3% of the gross domestic product, but personnel costs would surge, Thursday said Eugen Radulescu, audit manager at the central bank.