Tag Archives: CAS
The reduction of Social Security Contributions would be a breath of fresh air for the economy
In Romania, salaries are low, while costs related to labor force are high. This is the paradox of a fiscal burden overwhelming for the labor market. That is how we can explain the anemic appetence of entrepreneurs for job creation, and for employing workers ‘formally’, without resorting to the – sometimes saving – solution of employing workers on the black market. This is why the
The Reduction of Social Security Contributions: How Much Would It “Cost” the Budget?
In the European Union’s fiscal map, Romania can still be considered competitive when it comes to taxes, at least when it comes to taxing profits, through its 16% flat tax rate. Yet when it comes to taxing labour, things are different. Through social contributions and the payment ceiling – established in a strong redistributive way at 5 times the average gross wage – wage
