8.2011: “Tax on Home Ownership to Be Leveraged at Mkt Value?” by Sorin Ionita

Smack-dab in the middle of the summer holidays, while looking for income to supplement their budget, the Finance Ministry unearthed a 2006 SAR report in one of their drawers, showing how ownership taxation income can be supplemented, while also increasing social equity. The adjoining report (RO) provides details on under-evaluating properties according to the current system, and proposes a four-step reform which would bring in up to EUR1 billion to the local budgets. However, the Government must consult with local mayors’ offices before it suggests changes, as property taxes is a source of income that is 100% local.

Read the report here (RO only).


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