wealth tax

Romania’s proposed wealth tax, that would charge 0.5% of net asset values exceeding half a million euros, isn’t justified because administration costs would be much higher than the tax’s benefits, Mihaela Mitroi, partner with PricewaterhouseCoopers (PwC), said Thursday.

Romanian social democrat lawmaker Mugurel Surupaceanu submitted with the Chamber of Deputies’ Standing Office a draft law introducing a wealth tax whereby households pay an annual 0.5% on net worth of more than EUR500,000.