THE LINK BETWEEN FISCAL PRESSURE AND DEVELOPMENT PREMISES FOR ROMANIAN COMPANIES

Predescu Antoniu and Popescu Maria-Loredana
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Predescu Antoniu: Universitatea Spiru Haret, Facultatea de Contabilitate şi Finanţe Râmnicu-Vâlcea
Popescu Maria-Loredana: Universitatea Spiru Haret, Facultatea de Contabilitate şi Finanţe Râmnicu-Vâlcea

Annals - Economy Series, 2013, vol. 1, 293-297

Abstract: 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 of planning and management with which Romanian state was worked up, quantifiable as far as their materialization in real economy, form a signal, respectively the component of a sound case of signaling the need to assimilate this lesson of the ever-present economic crisis: fiscal policy can be, and must be, used inclusively in a prospective mode. Certain is just, even if quantified values of an index or other may, apparently, deny solidity of this picture (and assertion), the capability of Romanian fiscal system (possibly in the future, too) to work in a useful manner especially in the long term, if it will determine precisely its future (expected) revenues, in the framework of a coherent long term fiscal policy. On the other hand, it is equally fundamental for fiscal policy to make it crystal clear for everyone how much will be collected from the companies, when this will happen, and, respectively, what they will make still good use of, and, first and foremost, that companies must be able, after taxation, to employ at least some of their (gross) revenues

Keywords: fiscal pressure; taxes; revenues; profit; budget (search for similar items in EconPapers)
Date: 2013
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