Fiscal Risk in the Activity of a Company

Mircea-Iosif Rus ()
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Mircea-Iosif Rus: National Institute of Research & Development (INCD URBAN-INCERC), Cluj-Napoca Branch, Romania

Ovidius University Annals, Economic Sciences Series, 2023, vol. XXIII, issue 2, 861-865

Abstract: Fiscal risk can arise in countries where the government applies a tax system that has only one purpose, to bring revenue to the budget. If a country wants to attract investors from other countries, it must apply a proper tax system, without high taxes, because those investors will be tempted to migrate to other countries with a more permissive tax system, perhaps even to those countries considered tax havens. In addition to all this, an important role in implementing a tax risk-free tax system is also globalisation. Nor should we forget inflation, which can occur and lead to a high tax risk, which can result in an erosion of the income of enterprises and a decrease in profitability. The objective of the paper is to highlight the tax risk to which an enterprise is subject in various situations (inflation, globalisation) and their effects.

Keywords: fiscal risk; inflation; globalisation; revenue; expenses (search for similar items in EconPapers)
JEL-codes: D24 G32 M41 (search for similar items in EconPapers)
Date: 2023
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