18:32, 9.07.2008 Romanian PM Says Lower VAT On Food Is Populist, Irresponsible

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BUCHAREST / 18:32, 9.

07.2008 Lowering the value added tax on food products would be a populist and irresponsible measure, which would only lower state budget revenue and would have no effect on prices paid by consumers, Romanian Prime Minister Calin Tariceanu said Wednesday.The head of the employers’ association in the food industry Romalimenta, Sorin Minea, urged the government in a news conference Sunday to lower the value added tax on food products, to hinder soaring food prices.Minea...

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