Dynamics of fiscal policy, more specific rise in fiscal pressure, increase which can be obtained either through enforcing one or more taxes, or by augmenting at least a tax, has a powerful impact on output management – visible, in the first place, in the realm of output size. But, not only...

VAT represents an indirect tax due to the state budget that includes all phases of the economic circuit, namely manufacturing, services and distribution, up to sales to final consumers. VAT collection is done fractionally, according to the value added at each stage of the economic circuit....

The development of an economy is determined in a significant proportion by the tax system structure, by how it exercises its functions and ensures the collection of state resources. A high tax efficiency, due to the acceptability of tax provisions are the ideal conditions of any tax system. In...

Romanian companies bore, during 2005 and 2011, the brunt of a fiscal policy, respectively a fiscal pressure whose final effects proved to be harmful to Romania’s real economy, and, chiefly, to its development perspectives – particularly, of long term and coherent economic growth. The results...