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Alex Iancu

Ponta: Cutting CAS and implementing tax exemption for reinvested profits measures possi... - 0 views

www.agerpres.ro/...s-possible-to-achieve-18-57-36

romania tax jobs government spending

shared by Alex Iancu on 16 Apr 14 - No Cached
  • Cutting CAS and implementing tax exemption for reinvested profits measures possible to achieve
  • Prime Minister Victor Ponta on Monday told the plenary session of the Deputies Chamber that the cutting of the contributions to social security (CAS) by 5 per cent, the same as the introduction of the tax exemption for the reinvested profits are both projects that are 'reasonable" enough and 'possible to achieve.'
  • I believe that with competitive tariffs for energy and an adequate fiscal-budgetary policy, to combine cuttings with a corresponding financial-budgetary discipline, we will succeed in maintaining the economic stability of Romania, in 2015 and 2016 as well," Ponta said.
  • ...3 more annotations...
  • 'Reducing contributions to social security by 5 percentage points in the second half of the year is expected to have an impact on the budget worth probably around 2.6 billion lei. This means that the impact next year will be worth around 5.2 billion.
  • the government wants to reduce spending and obtain additional budget revenues so that to be able to cover the 2.6 billion leu in the second half of the year and the 5.2 billion in 2015,' Ponta said.
  • this cutting as a necessary condition for the further economic development of the country and the encouraging of the fiscal facilities and creation of jobs starting on July 1.
  • Alex Iancu on 16 Apr 14
     
    Romania changes its supply side policies. 
Vicky Kalfayan

BBC News - South West agricultural labour shortage fears - 1 views

www.bbc.co.uk/...uk-england-25181268

shared by Vicky Kalfayan on 04 Dec 13 - No Cached
  • Members of the horticultural industry in the South West fear labour shortages when Romania and Bulgaria become full members of the EU next year.
  • The Home Office said it wanted to encourage more recruitment from the UK.
  • For the past 10 years, Romanians and Bulgarians have been employed on farms as pickers under the Seasonal Agricultural Workers Scheme (Saws), which allowed them to work for six months.
  • ...7 more annotations...
  • But when both countries become full members of the EU, they will be allowed to work in any British sector.
  • James Hosking, from Fentongollan flower farm in Cornwall, said before Saws was introduced the biggest problem for local growers was recruiting a sufficient number of pickers.
  • "In two or three year's time, we'll be back to where we were 10 years ago when we were all screaming that we couldn't get enough labour."
  • Romanians and Bulgarians account for about a third of the UK's seasonal farm workers.
  • The National Farmers' Union (NFU) said scrapping Saws would cause long term damage to the sector.
  • I can't get enough. The sad reality is that the majority don't want to get their hands dirty," he said.
  • "Nationality, colour, creed and gender really doesn't matter to me - I need pairs of hands and enthusiasm," he added.
  • Alan Cheung on 13 Dec 13
     
    Interesting article, but more relevant to macroeconomics.
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