Moldova’s New Tax Amnesty Ruffles EU Feathers

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Moldova’s Parliament has organised a tax amnesty law welcoming all residents to divulge any previously undeclared assets and income without any penalties or legal proceedings being brought as long as a 3% tax rate is levied additionally. However, the move has been a controversial one with the EU rulers, who questions whether the enactment is contrary to current reforms went for defilement, money laundering and organised corruption.

The Council of Europe has also stated that it was not conferred to regarding the legislation’s compatibility with EU standards.