Romania’s taxing problem will trouble incoming government

EurActiv published in October 2014 a feature on the challenges concerning taxation and tax avoidance in Romania.

Despite demands for improvement from the European Union, untaxed and undeclared activity amounted to more than 28 percent of national output, putting Romania second only to Bulgaria in the EU for the size of the black economy as a proportion of GDP.

ESO: Background information: Taxation: Study confirms billions lost in VAT Gap http://www.europeansources.info/record/press-release-taxation-study-confirms-billions-lost-in-vat-gap/

---