Evolution of Taxation in the period 2004-2012. Impact on the Romanian Economy

Mihãilã Nicoleta () and Isachi Silvia Elena ()
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Mihãilã Nicoleta: Financial and Monetary Research Centre “Victor Slãvescu”, Bucharest, Romania
Isachi Silvia Elena: Financial and Monetary Research Centre “Victor Slãvescu”, Bucharest, Romania

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 1367-1371

Abstract: In this paper we propose to realize an analysis of the Romanian economy in the period 2004-2012, analysis in which we follow the main macroeconomic indicators and their impact on the economic "health" in this period, highlighting two significant moments that have produced dramatic effects, respectively 2005, when introducing flat tax of 16%, and 2010, when budgetary wages were reduced with 25% and VAT increased from 19% to 24%. More specifically, our goal is to highlight the impact of these events on population, its way of saving, credit, inflation, namely to determine if these fiscal measures had the expected effects on the economy.

Keywords: flat tax; vat; macroeconomic indicators; population (search for similar items in EconPapers)
JEL-codes: E21 E24 H12 H31 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1367-1371

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