SIMILAR ARTICLES

Industrial production, up 7% in first two months of 2018, compared to the same period of last year

Industrial production (gross series) was up 7% in the first two months of 2018 compared to the same period in 2017, following the growth in… Mai mult

Deloitte study: Romania vs. EU – Tax rules applied to losses from selling bad loans

Deloitte Romania, at the request of the Romanian Banking Association, conducted a study for analysing the tax treatment of the sale of receivables and the… Mai mult

Stop comparing yourself with Poland and Hungary / BNR report in Senate, boycotted by PSD: Stop playing with fiscal policy, do not expect everything from monetary policy. Liviu Dragnea’s reaction

The National Bank of Romania (BNR) is working on a permanent basis with the Government and the Ministry of Finance, but has no “power over… Mai mult

Workforce (i)mobility: Unemployed young Romanians are not willing to move to another locality for a job

Romania has one of the highest percentages of young unemployed people who would not leave their hometown to find a job (either in the country… Mai mult

Unions: State will pay detainees between EUR 370 -550 million

Total compensation that the state will pay to detainees who have been imprisoned in improper conditions will be between EUR 370 million (in the case… 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

Industrial production, up 7% in first two months of 2018, compared to the same period of last year

Industrial production (gross series) was up 7% in the first two months of 2018 compared to the same period in 2017, following the growth in… Mai mult

Deloitte study: Romania vs. EU - Tax rules applied to losses from selling bad loans

Deloitte Romania, at the request of the Romanian Banking Association, conducted a study for analysing the tax treatment of the sale of receivables and the… Mai mult

Transgaz, favourite to take over Greek natural gas transport operator

The US and the EU support Transgaz-Reganosa (Spain) offer to take over the Greek natural gas transport operator DESFA, for geopolitical reasons, the Greek media… Mai mult

Workforce (i)mobility: Unemployed young Romanians are not willing to move to another locality for a job

Romania has one of the highest percentages of young unemployed people who would not leave their hometown to find a job (either in the country… Mai mult

Unions: State will pay detainees between EUR 370 -550 million

Total compensation that the state will pay to detainees who have been imprisoned in improper conditions will be between EUR 370 million (in the case… Mai mult

Schweighofer sells forest domains owned in Romania and only keeps processing activities

Schweighofer Group, one of the European leaders in wood processing, announced on Monday "a strategy change": it sells its subsidiary Cascade Empire S.R.L. (Cascade Empire)… Mai mult

Dancila government has established "Commission for Preparing Changeover to Euro". Another committee has been already doing the same thing for a year and a half

On Wednesday, the Government adopted an Ordinance aimed at establishing a commission for preparing the timetable for Romania's accession to the single European currency. Prime… Mai mult

Mangalia Shipyard: Agreement between Ministry of Economy and Damen. Dutch buy Daewoo shares, give state 2%

The state has reached an agreement with Damen Shipyards Group after blocking for several months the takeover by Dutch company of Daewoo's shares at Mangalia… Mai mult

CCR judges are no longer willing to participate in MCV assessments

The President of the Constitutional Court (CCR) has communicated to the European Commission (EC) delegation the fact that "the Court plenary expressed its wish not… Mai mult

Five priorities of the Coalition for the Development of Romania presented to Dancila government

Representatives of the Coalition for the Development of Romania (CDR), an initiative of the Romanian business community coordinated since the beginning of this year by… Mai mult

Romania to host regional centre for endowment of Black Hawk helicopters for Central Europe

Romaero and American company Sikorsky, part of the Lockheed Martin group, have signed an industrial partnership agreement that will lead to the establishment of a… Mai mult

State-owned companies forced to participate in public tenders

The Government approved on Thursday a memorandum that includes a series of measures targeting publicly owned or controlled companies. Basically, the document forces the state-owned… Mai mult

Country Report - European Semester: Romania risks a tough economy landing at change of cycle, because of growth model

"In the absence of structural reforms and fiscal consolidation, Romania's strong economic growth risks creating the conditions of a tough landing," in case of a… Mai mult

Governance and Congress: Prime Minister Dancila appointed PSD Vaslui and Neamt leaders’ sons as state secretaries

Prime Minister Viorica Dancila, who is aspiring to the position of PSD executive president, promoted the sons of PSD Vaslui and Neamt presidents to government… Mai mult

Monopoly on natural gas market in Romania: Interests supported by deputy Iulian Iancu push Romania to an open conflict with European Commission

The European Commission will sue Romania at the European Court of Justice if the Parliament in Bucharest adopts the amendments to the Emergency Ordinance 64/2016… Mai mult