OFFSHORE AREAS – THE KEY TO SUCCESS IN THE FISCAL REGIME

Florin Ovidiu Hurjui () and Gheorghe Sandu ()
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Florin Ovidiu Hurjui: “Stefan cel Mare” University, Suceava, Romania
Gheorghe Sandu: “Stefan cel Mare” University, Suceava, Romania

The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, 2009, vol. 9, issue 1(9), 262-266

Abstract: The main advantages of fiscal paradises result from the fact that: some countries do not demand any income tax, on capital plus values, on wealth; other countries have established a tax demand on the related incomes of a territorial base: if the benefits do not have their source on the territory of the respective state, there is no income; other countries still have low taxing rates; certain countries offer specific advantages for specifi c types of companies. The fiscal policy in Romania has been revised repeatedly, having a sinuous and unsteady character and, because of the created uncertainties (the high number of exceptions and exemptions) it has been less propitious for the business environment – and although, ironically, a lot of the operated changes and the granted exempts were supposed to have been destined to the stimulation of businesses.

Keywords: fiscal paradises; offshore companies; harmonization; fiscal facilities; fiscal comp etition; fiscal policy (search for similar items in EconPapers)
Date: 2009
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