Senator Daniel Zamfir (PSD) states that he came up with a proposal regarding the taxation of the banking system, whereby, the greater the difference between the interest they give on loans and those on deposits, the higher the tax they pay. He mentioned that Romanian banks have triple the profit compared to the European average, reported profits, while Romanian citizens pay triple interest compared to EU citizens.
“I came up with a proposal regarding the taxation of the banking system. Romanian banks have triple the profit compared to the European average, reported profits. Also, Romanian citizens pay triple interest compared to EU citizens. What is my proposal, which I think we should discuss much more openly, if there is this gap, this difference between interest on deposits and interest on loans, because the bank in Romania pays you a maximum of 1%, 2% interest on deposits , on credit it gives you 6% – 8%, i.e. 400% difference. The bigger the difference, the higher the tax to pay. We encourage the bankers to reduce this gap, to pay higher interest rates to people, because that’s why they have triple profits”, said PSD senator Daniel Zamfir to Prima News, taken over by News.ro.
He stated that he urges people to buy government bonds, because it is much more profitable than putting money in banks.
Zamfir stated that Romania has one of the friendliest fiscal environments.
“We have been trying for a long time, since we made this alliance with PNL, to convince them that they must change the paradigm in Romania, from the fact that work in Romania is the most taxed in the EU, we have 47% taxation and 16% on capital. The only option to balance the state budget is to lower the labor tax and raise the capital tax. Low labor tax means higher wages for people,” he said.
Editor: Liviu Cojan