ELEMENTS TAX OPTIMIZATION SMALL AND MEDIUM ECONOMIC AGENTS DURING CRISIS

Negoescu Gheorghe () and Mihalcea Lucean ()
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Negoescu Gheorghe: Ovidius University Constanta, Romania
Mihalcea Lucean: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2015, 314-319

Abstract: In Romania there is a high level of taxation, which dramatically reduces the remaining cash available to economic agents in the conditions in which short and long-term loans are granted at interest rates two to three times higher than in the European, US, and Japan. Failure to pay the debts to the state lead to access (interest, penalties and fines) significant delay for one year can double duty. Under these conditions, small businesses are forced to seek personal savings (hopefully) to offset debts receivable at IFNs in disadvantageous conditions of interest, or the underworld loan sharks. In these circumstances it is not surprising that the number of corporate bankrupts multiplied. In our attempt to answer PFA alternative employment or as a form of tax optimization.

Keywords: optimization; taxation; PFA; net salary, profit and complete; employee health insurance (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2015:p:314-319

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