A draft law on the establishment of the regulatory framework, which will allow the government to create a fiscal monopoly, was adopted yesterday by the cabinet of ministers. The latter could be implemented in industries where government action is required to fix flaws or strengthen control over a market of strategic or national importance.
According to the proposal, only legal entities with a majority or total share of state capital will be granted the status of fiscal monopoly. The National Commission for Fiscal Monopoly, which is made up of representatives of public authorities and civil society from the economic sector, will determine if fiscal monopolies are necessary at the same time.
The government is granted control over the Commission’s structure and methods of operation as well as the authority to grant it a fiscal monopoly.
The adoption of the draft’s provisions will contribute to higher state budget revenues and more effective oversight of the operations of businesses with fiscal monopolies.
Experts claim that there is a risk that after the government changes, files will be opened to the members of the commission as a result of the decisions they will make, writes BANI.MD.
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In the Republic of Moldova, there was also a precedent with the creation of a commission that in 2014 decided to guarantee the staggering loan granted to Banca de Economii, Unibank and Banca Socială to cover the theft of money from the three banks. Now, the members of the commission, the former prime minister Iurie Leancă, the former governor of the National Bank of Romania, Dorin Drăguțanu, the former minister of finance Anatol Arapu and the former minister of the economy Andrian Candu, were presented with several files for the decisions they took in granting state guarantees.