SIMILAR ARTICLES

Prime Minister Dancila dismissed 13 of 15 civil society representatives from Economic and Social Council. They were blocking legislation that did not gathered all opinions

Prime Minister Viorica Dancila has replaced 13 of the 15 civil society representatives in the Economic and Social Council (CES). Following a decision published on… Mai mult

Cluj-Napoca – only city in Romania that receives European funds for innovative projects

Only Cluj-Napoca is among the 22 European cities that will receive financing from the European Regional Development Fund (FEDR) for innovative solutions in addressing urban… Mai mult

West Quadrilateral / Four counties joined to directly access European money for major infrastructure projects

From right to left: Gheorghe Falca, Nicolae Robu, Ilie Bolojan. Emil Boc, Mayor of Cluj Napoca, misses Four mayors from the West of the country… Mai mult

Chamber of Deputies / PSD loses UDMR’s support for amending Offshore Law, draft returns to committees for a week

The plenum of the Chamber of Deputies decided on Wednesday to resend the Offshore Law to committees after a seemingly surprising request of UDMR leader… Mai mult

Romania ranked 7th in EU in terms of renewable electricity

Unlike the vast majority of the economic areas, in which we are at the bottom of the European ranking, Romania succeeded to rank 7th by… Mai mult

Catalin Ivan: In Romania, there are 384 companies with bearer shares, all collaborating with the state. More than EUR 40 billion transferred from Romania to offshore companies

de Razvan Diaconu , 18.12.2017

MEP Catalin Ivan stated on Friday in Iasi that there are 384 companies with bearer shares in Romania, which gives the owners the comfort of anonymity and the possibility to sign contracts with the state.

There are 384 companies in Romania. All of them collaborate with the state. Over the last ten years, none of them had difficulties, that is, to go better or worse, in the context that all parties from the political spectrum were in power, which means that the relationships between them go beyond the policy or the ideology of a party,” said Catalin Ivan, quoted by Agerpres, in a debate on “Bearer shares”.

At the event held at the Faculty of Economics and Business Administration of “Alexandru Ioan Cuza” University of Iasi, the MEP mentioned: “In an economy where people do not acknowledge their activity, it is at least dangerous from all points of view“.

I give a random example. I am the President of a County Council and I privatize a company. I give it to some friends, turn it back into bearer shares, and my friends physically hand over the shares to me, and I place them in my drawer, from me to myself. I can award contracts to myself, to my company, without anyone being able to find any connection to that company and to me. Of course, our paths are crossing throughout our lives, because I need the money they I give to me. Then, I guarantee some loans to myself that I may never pay back, I benefit from all sorts of services from the respective company but never get physical money from that company, so nobody can follow the money, you know the “follow the money” principle, and reach me. It is a way of doing things,” said Catalin Ivan.

According to him, transfers from Romania to offshore firms amount to more than EUR 40 billion.

The phenomenon exists. Suspicions are real. It is obvious to everyone that we have some very wealthy people and most of the wealth in Romania is obtained from contracts with the state. It is obvious that we have an ever-poorer population. This gap cannot be closed if Romania’s budget does not recover both in terms of revenues and expenditure“, said Catalin Ivan.

The MEP stressed that tax havens hit states both in terms of revenue and expenditure.

Recent studies show that at the European level, the wealth drained by Europeans outside the Union and untaxed amounts to about EUR 6,000 billion. Do you realize what would mean the taxes on EUR 6,000 billion? There are not EUR 6,000 billion that do not reach the budgets of the member states but EUR 6,000 billion that are not taxed whatsoever,” said Catalin Ivan.

He noted that in such situations we cannot talk only about corruption.

We do not know if that is corruption. It can be organized crime. Just as well can be terrorism, financing the terrorism. As David Cameron said when he was the Prime Minister of the United Kingdom: the sunlight is the best sanitizer. If you have light and know what is going on there, you know how to make decisions. You can know if it is good, you can assess whether it is good or not for the economy,” the MEP said during the debate.

Mergeți în homepage ›

Publicat la data de 18.12.2017

Lăsați un comentariu


NEWS

Cluj-Napoca - only city in Romania that receives European funds for innovative projects

Only Cluj-Napoca is among the 22 European cities that will receive financing from the European Regional Development Fund (FEDR) for innovative solutions in addressing urban… Mai mult

Prime Minister Dancila dismissed 13 of 15 civil society representatives from Economic and Social Council. They were blocking legislation that did not gathered all opinions

Prime Minister Viorica Dancila has replaced 13 of the 15 civil society representatives in the Economic and Social Council (CES). Following a decision published on… Mai mult

West Quadrilateral / Four counties joined to directly access European money for major infrastructure projects

From right to left: Gheorghe Falca, Nicolae Robu, Ilie Bolojan. Emil Boc, Mayor of Cluj Napoca, misses Four mayors from the West of the country… Mai mult

Chamber of Deputies / PSD loses UDMR’s support for amending Offshore Law, draft returns to committees for a week

The plenum of the Chamber of Deputies decided on Wednesday to resend the Offshore Law to committees after a seemingly surprising request of UDMR leader… Mai mult

Government amended insolvency law. Guarantees given by Minister Teodorovici

The Government adopted on Thursday the draft Emergency Ordinance for amending and supplementing legislation in the field of insolvency, which provides among other things for… Mai mult

Romania ranked 7th in EU in terms of renewable electricity

Unlike the vast majority of the economic areas, in which we are at the bottom of the European ranking, Romania succeeded to rank 7th by… Mai mult

Resounding failure of PSD lobbying action in Brussels

There are clear signs that the lobbying action launched by the ruling coalition in Brussels in favour of the government in Bucharest will end with… Mai mult

MFP: Romania does not endorse a separate budget for Eurozone and rejects the idea of ​​taxing financial transactions

Romania does not endorse a separate budget for Eurozone and rejects the idea of taxing financial transactions, Minister of Public Finance Eugen Teodorovici said after… Mai mult

Finance Ministry wants to change rules for insolvency: state could also register claims after procedure is launched

Companies’ possibility to avoid paying creditors (and in particular the payment of tax receivables) simply by declaring their insolvency would be drastically limited, according to… Mai mult

Phil Hogan: Swine fever in Romania has an impact on neighbouring countries and EU trade in pigs

Prime Minister Viorica Dancila, European Commissioner Phil Hogan and Agriculture Minister Petre Daea The swine fever epidemics in Romania has an impact on neighbouring countries,… Mai mult

Infrastructure projects lost EUR 41.5 million following budget amendment. In what projects cuts have been made

Despite the assurances that Dancila government is concerned and intensely working on the road infrastructure projects, at the budget amendment the Transport Ministry has cut… Mai mult

European Parliament have decided to adopt in October a resolution on the rule of law in Romania

Leaders of the political groups in the European Parliament have decided to adopt in October a resolution on the rule of law in Romania. The… Mai mult

"Romania's buffers have deteriorated, the country is less prepared for a negative shock" - IMF will reduce economic growth estimate

Romania will be less prepared if the economy is hit by a negative shock, as the structural deficit has been deteriorated - IMF representative for… Mai mult

Premiere: CSAT asks Finance Ministry to amend amendment - session suspended until Government comes with a draft that does not affect budgets of secret services

President Klaus Iohannis suspended on Tuesday the CSAT meeting for discussing the budget amendment, as there was no consensus on the budgets of institutions from… Mai mult