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Ekonomia

American Chamber of Commerce overturns fiscal package: No stability, consultations needed

American Chamber of Commerce overturns fiscal package: No stability,

The American Chamber of Commerce has criticized the fiscal package for 2022. In a letter signed by the President of the Chamber, it is said that the draft law on the fiscal package contradicts public government commitments, financial planning and expectations. The American Chamber of Commerce says the fiscal package undermines the climate of mutual trust between the public and private sectors in terms of public engagement. Also in its reaction, the American Chamber of Commerce expresses its disappointment over the announcement of this bill after it was approved by the Council of Ministers and submitted to the Assembly. According to them, this repeated practice is in violation of law no. 146/2014 relating to the time period to see the recommendations regarding the proposed draft law. "Breaking the public commitment to a sustainable fiscal package with intervention at least once every four years. As the business community has expressed ongoing concern, over frequent changes to the fiscal package and taxes, as well as in line with world best practices, senior officials have publicly committed to changes once every 4 years. Consequently, this draft law conflicts with public government commitments, expectations and financial planning of the business community and undermines the climate of mutual trust between the public and private sectors on public engagements. The American Chamber notes with disappointment that it was notified of the draft laws submitted by the Council of Ministers on the 2022 fiscal package, as they had been approved by the Council of Ministers and submitted to the Assembly. This practice, unfortunately repeated, is in violation of law no. 146/2014 "On Notification and Public Consultation", which requires state authorities to provide stakeholders with a set period of time to review and provide their recommendations regarding the proposed draft law / s ", the letter reads. of the American Chamber of Commerce.

The American Chamber of Commerce requires consultation

Regarding the fiscal package, the American Chamber requested the extension of the deadline of this bill while in the letter it requests that stakeholders be given the opportunity to exercise their right to offer suggestions or the need for improvement. "For the above reasons, the American Chamber requests the extension of the deadline for draft laws, through the implementation of law no. 146/2014 "On Public Notification and Consultation", leaving the opportunity for stakeholders to exercise their right by getting acquainted with the content of the law and providing suggestions for its improvement. The American Chamber of Commerce expresses its conviction that the draft laws need improvement, which would be possible after reflecting the recommendations of the business community ", it is said in the letter of the American Chamber of Commerce. The American Chamber also recommended starting work on drafting and consulting a new law on income tax. "The 4-year period available to a new income tax law, would allow working groups to unify the taxation of wage earners and individuals and businesses. "This has been a constant request of the international business community, which would bring a new spirit to Foreign Direct Investment," he said.

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