Effects of Direct Taxation in Romania on the Evolution of Business Environment

Trandafir Adina ()
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Trandafir Adina: „Spiru Haret”University, Faculty of Financial and Accounting Management

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 1, 897-902

Abstract: This paper aims to research the impact of fiscal policy issues in the field of direct taxation on business environment in Romania. This purpose is divided into two operational objectives: the evolution of direct taxation measures and the impact of fiscal policy on Romanian private business environment. To capture, in an econometric analysis, macroeconomic dimension of fiscal policy were chosen as variables: the total tax rate to highlight tax policy in direct taxation, gross domestic product and gross capital formation to capture business environment size. Using regression technique, the analysis of the impact of fiscal policy measures on the business environment in Romania in the period 2006-2014 shows a negative correlation between the independent variables (especially labour tax rate, which has the highest level) and the two dependent variables (gross domestic product and gross capital formation).

Keywords: Direct Taxation; Total Tax Rate; Labour Tax; Gross Capital Formation; Business Environment. (search for similar items in EconPapers)
JEL-codes: H21 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xv:y:2015:i:1:p:897-902

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