Covered in gold and surrounded by glitter, the Crescent Hotel is a gem in the city of Bucharest.
With a breathtaking view of the capital and the sea, it has become the latest luxury hotel to be built for the country’s booming tourism industry.
But unlike many of the other hotels, this one is a hotel for transnational corporations.
The Crescent Hotel’s brand is synonymous with the brand of the multinational conglomerate Carnival Group.
The company’s hotels in Romania, Italy and Spain are owned by the same company, Carnival Group, which has been the subject of a lot of controversy recently.
In June, the European Commission called for the company to be stripped of its tax advantages in its tax havens.
In August, it also announced a probe into the company’s profits in Romania and elsewhere.
In October, the Romanian parliament passed a law that allows Romanian citizens to sue multinational corporations that have offshore subsidiaries, as long as the countries they reside in have passed a similar law.
“This law, which is meant to ensure transparency, is a slap in the face for Romania,” Romanian opposition leader Ion Ciolu told reporters in November.
“I do not know what they are going to do with the company.
They need to pay taxes.
The Romanian people are going through a terrible time.
They have already had the worst recession since World War II, and their economy is struggling.
But we are facing a serious crisis, and we are not going to be able to keep on living this way.”
It is this crisis that has prompted the Romanian government to open a probe.
In January, the parliament approved a law called “Regional Transparency Act,” which allows Romanian officials to request tax information from multinational corporations.
A year later, a new law was passed to allow the Romanian public to demand information from foreign corporations.
This legislation, however, was not a major boost for the Romanian hotel industry.
Instead, the hotel industry is now under the spotlight as the country tries to recover from the economic crisis.
In Romania, the country ranks 28th out of 35 countries in the Transparency International’s ranking of tax havens and the top 10 in the world for financial secrecy.
The legislation passed in January has raised the ire of several business leaders and Romanian politicians.
“We have been paying taxes for decades and it’s just not fair,” Romanian parliament member and former prime minister Victor Orban said on the BBC World Service.
“If I pay taxes and then the government says I’m not a citizen, what will happen to me?”
The new law has been criticized by business groups and Romanian lawmakers, who say it will make it harder for the hotel business to continue operating.
“The new law, the fact that it was introduced without the consent of the public and without any consultation, makes the business impossible,” Andrian Lecce, a member of parliament from the ruling coalition, told The Guardian.
Lecces claim is backed up by another lawmaker, Silvio Fazio, who is a member, but not a leader, of the Social Democrats.
“Our goal should be to create a tax system that does not penalize the citizens,” Fazia told The Atlantic.
“But to do so we have to create the right incentives.”
In January of this year, Romanian Prime Minister Victor Ponta signed into law a law which will create a new kind of tax law called the Tax Code.
This new law will create an independent tax authority, which will be responsible for investigating and punishing companies that are hiding profits abroad.
The law will also include new requirements for tax avoidance, the creation of an investigation mechanism for companies and the creation and enforcement of a new register for companies, as well as a requirement that foreign corporations with foreign headquarters register their tax affairs with Romania, and for the authorities to provide information to the tax authority on how much money is actually being spent in Romania.
Romania’s tax code will also allow for the taxation of companies that have foreign branches.
Romania is already a member state of the Organization for Economic Cooperation and Development (OECD), a world-leading tax-efficient nation.
In 2016, Romania earned the third highest ranking in the OECD, after Luxembourg and Iceland.
The OECD ranks countries based on their level of tax compliance, which measures the extent to which their tax systems are efficient and transparent.
The country ranks 16th among OECD member states in terms of tax efficiency.
In a statement, the OECD said that Romania’s new law “will help to protect the sovereignty of Romania’s economy and its citizens by giving them a higher level of transparency, while at the same time making sure that taxpayers can recover the costs of their investments.”
The Romanian government has also announced that the country is going to adopt a new system for international tax, called the Interim Corporate Income Tax System (ICIT), which will replace the current system, the Internal Revenue Code (IRC).
The ICIT system is meant for multinational corporations with international headquarters in Romania who are not