Romania - Shifting social security costs to workers protested - November 30, 2017

Protests engaging many thousands across the country took place during November 2017. The protests started as a response to the announcement of an overhaul of the system of taxation. The measures proposed by the Government plan the rise of the minimum wage, but contributions to a compulsory private pension fund scheme will be limited (see also our October issue). Employers will have to pay a 2.25% tax on their overall wage fund and small businesses with annual turnover below one million euro will have to contribute only 1% tax on turnover instead of the current 16% tax on profit, thus lowering social security contributions by employers and shifting their entire burden onto employees.

Read on: in English (1) …   in English (2) …   in English (3) …   in English (4) …  

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