Use of the Common and Consolidated Corporate Tax Base at European Union Level. Implications for Romania

Anca Buziernescu and Radu Buziernescu
Additional contact information
Anca Buziernescu: University of Craiova, Doctoral School of Economic Sciences
Radu Buziernescu: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2019, vol. 1, issue 21, 120-126

Abstract: In recent years, the European Union is taking more and more decisive tax harmonization measures for the Member States and for combating aggressive tax planning. The measures are supported by the European Commission and some Member States on the grounds that the single rules will simplify the calculation and reporting of corporate income tax, increase national budgetary receipts and decrease administrative costs. The evolution of the economy in the digital sphere has also been taken into account, which requires new approaches regarding taxation and the definition or redefinition of certain terms currently used. Opponents of the amendments invoke the principle of subsidiarity in Community law, as well as the application of provisions different from those issued by the OECD in terms of transfer prices – the BEPS project (Base Erosion and Profit Shifting). Also, the harmonization of the accounting provisions can be a significant obstacle, the criteria for recognizing the income and expenses can be substantially different in the new context

Keywords: tax harmonization; aggressive tax planning; digital economy; turnover tax; common corporate tax base. (search for similar items in EconPapers)
JEL-codes: H68 K34 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.financejournal.ro/fisiere/revista/17698 ... uziernescuR%20EN.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2019:i:21:p:120-126

Access Statistics for this article

Finante - provocarile viitorului (Finance - Challenges of the Future) is currently edited by Marin OPRITESCU

More articles in Finante - provocarile viitorului (Finance - Challenges of the Future) from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Alina Manta ().