Following in the footsteps of other countries, the Romanian Finance Ministry said it would reward those who blow the whistle on companies or residents who are evading taxes.
Income tax makes up just 0.7 percent of Romania’s GDP, while Poland collects 1.1 percent, and the European average is somewhere around 3 percent, according to the Finance Ministry.
The idea of rewarding whistle blowers is nothing new. Sweden has a program as does the United States’ Internal Revenue Service.
Recently, a former banker from the American division of the Swiss bank UBS received a reward of $104 million dollars for revealing the financial group was helping wealthy US clients hide their real annual income in order to lower their tax bills, according to Mediafax.
