AmCham Romania requests giving up intentions to introduce solidarity tax

The American Chamber of Commerce in Romania mentions the worries of the business community it represents about the intention of the ruling coalition to increase the fiscal burden for large companies in Romania, at a moment when the investment and business climate has already been affected by many crises, according to a press release issued on Tuesday.   In the opinion of AmCham representatives, the lack of predictability and the increase of instability through unexpected measures discourages investments and the companies' intentions for the Romanian market, the average and long term negative impact exceeding short term gains.   In the outlook of AmCham, the import of measures applied in other countries do not guarantee their applicability to Romania's economy.   So the practice of transferring budget pressure to the private environment overnight , without prior consulting, without a real impact study, without an analysis of compatibility with European law proved to be counter productive. According to AmCham representatives, overnight measures led to state budget losses, contrary to paper calculations that showed income increases.   AmCham Romania makes appeal to giving up this measure and orienting government agenda to sustainable, responsible policies, which should contribute to the consolidation of investment rating and attracting investments.   At the same time, AmCham Romania reiterates the need for honest dialogue and partnership between the private and public environments and expresses the availability and engagement to participate in real, transparent, substantial consulting on Romania's fiscal policy.   At present, the over 470 American, multinational and Romanian companies, members of AmCham Romania community, make possible the AmCham involvement in promoting economic priorities for many activity domains, through specialized work groups such as: Stock Markets and Financial Services, Corporate Governing, Competition and State Aid, Energy, Education, Digital Economy, Fiscality, Environment, Labor Market, Health, European Funds, Public Purchases and Public-Private Partnership, Real Estate and Tourism.