Tax Policy under the Curse of Low Revenues: The Case of Romania (Part II)

Daniel Daianu (), Ella Kallai () and Laurian Lungu ()
Additional contact information
Daniel Daianu: SNSPA, Bucharest
Ella Kallai: Alpha Bank Romania

Journal for Economic Forecasting, 2012, issue 2, 143-162

Abstract: It is an acknowledged fact that the tax revenue to GDP ratio in Romania is extremely low. This article suggests several ways through which budgetary revenues can be increased and, in the process, strengthen fiscal consolidation. Increasing tax collection rates, combating fiscal evasion and bringing parts of the shadow economy into the open would repair a fractured sentiment of fairness in the Romanian society. In particular, the results in this paper show that public sector revenues could rise by the equivalent of 4% of GDP if only half of the informal economy were to be brought to light.

Keywords: Budgetary Revenues; Taxation; Implicit Tax Rates; Arrears; Shadow Economy (search for similar items in EconPapers)
JEL-codes: H24 H25 H26 H30 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.ipe.ro/rjef/rjef2_12/rjef2_2012p143-162.pdf

Related works:
Journal Article: Tax Policy under the Curse of Low Revenues: The Case of Romania (Part I) (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2012:i:2:p:143-162

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ( this e-mail address is bad, please contact ).