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What message did Premier Ciolacu want to convey when he talked about increasing Pepsi's profit by 2,000%? Why does the government end up collecting only 1.5% of GDP from corporate income tax in 2024, compared to 2% of GDP in 2016? Who has the highest prof

Summary by ZF.ro
A recent remark by Prime Minister Marcel Ciolacu, made at the inauguration of Pepsi's $100 million investment near Bucharest, shows that companies' profits are carefully analyzed by the government and Ciolacu's advisers: “I would like you to tell me the secret of last year's profit increase of over 2,000%. If there were ten other big investors with such profits, the state budget would be in surplus, not deficit.”
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A recent remark by Prime Minister Marcel Ciolacu, made at the inauguration of Pepsi's $100 million investment near Bucharest, shows that companies' profits are carefully analyzed by the government and Ciolacu's advisers: “I would like you to tell me the secret of last year's profit increase of over 2,000%. If there were ten other big investors with such profits, the state budget would be in surplus, not deficit.”

·Ilfov County, Romania
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ZF.ro broke the news in Ilfov County, Romania on Tuesday, July 16, 2024.
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