PM Tudose: Solidarity tax, work in progress, including simulations

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Prime Minister Mihai Tudose said Monday that simulations are being conducted of levying a solidarity tax, mentioning that the tax will be somehow applied, but no threshold for it is yet in place.

"Work is still being conducted on the solidarity tax; there are simulations of it. It will somehow be applied, but we have not agreed yet on thresholds. The solidarity tax in not a tax on legal entities, as I have heard people wrongly saying; it is a tax to be levied on individuals making tons of money who are being extended lots of incentives from the government, a tax that, as far as we understand, is operational around the world; we believe they should pay more over a certain threshold in solidarity with the movement that has created opportunities for them to win that much," Tudose said after a meeting of the ruling coalition.

He added that a threshold for the tax is not in place yet.

"There has been no agreement over the threshold, the percentage, the value up from which the tax will apply; simulations are still underway. If a threshold is decided percentage-wise and the impact is very small, we will probably not apply it," added Tudose.

Asked about the threshold and expected revenue, Tudose said he has no details as long as the simulations were still going on. AGERPRES (RO — author: Alina Novaceanu, editor: Florin Marin; EN — author: Corneliu-Aurelian Colceriu, editor: Adina Panaitescu)

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