flat
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Flat tax pushes insurance market toward 4-5bn euros
The introduction of the flat tax will take the insurance market toward 4-5bn euros in 2010, due to the higher volume of disposable income the population and companies will benefit from, esti...
Luxury flat prices set to rise
In Romania of 2010, the medium-income segment of the population will benefit from the strong development of the residential sector. Real estate developers will be coming up with projects for...
Flat tax helps McDonald''s business
McDonald''s Romania restaurant chain last year derived net income worth 7 million RON (2 million euros), a value the company''s officials expect to double in 2006. The company saw turnover w...
Flat tax doubles corporate profits
Romanian companies made 11.6 billion euros in taxable profits in 2005, twice more than in 2004. The increase was largely due to the introduction of the flat tax, which pushed companies to br...
Flat tax will not budge, Tariceanu says
Premier Calin Popescu Tariceanu yesterday announced he intended to maintain the flat tax as it is until the end of his term as the head of the Government. "I will maintain the flat tax both...
Businesspersons would take 19% flat tax over higher VAT
The Association of Businesspersons in Romania (AOAR) is in favour of an increase in the flat tax from 16% to 19%, because an increase in VAT would impact on both companies and consumers. "Th...
Flat tax: lower taxes, same revenues
The consolidated budget revenues increased by more than 5% in 2005, thus attaining 99.4% of the revenue target set in the Budget Law. The flat tax showed in its first year of application tha...
Flat tax boosts MJ Maillis'' business
Packaging manufacturer MJ Maillis has witnessed its net profit shrink by some 15% in the first nine months of the year, to approximately 490,000 euros (1.77 million RON). Sales amounted to o...
Flat tax makes economy buzz
The economy is working so well that it is "buzzing", PNL (National Liberal Party) leader Calin Popescu Tariceanu explained in Suceava on Saturday. The government''s main measure, the fiscal...