EVOLUTION OF TAXATION AT MICROECONOMIC LEVEL IN THE PERIOD 2003-2014

Nicoleta Mihăilă
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Nicoleta Mihăilă: “Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy

Studii Financiare (Financial Studies), 2015, vol. 19, issue 4, 47-64

Abstract: In this article we have proposed to make a presentation of the main tax regulations in the period 2003-2014, regulations that have had significant effects on small and medium enterprises’ sector in Romania (especially during the economic crisis). Therefore, we shall use a descriptive methodology in order to outline the multitude of tax changes of the Tax Code, aspect that actually determines the tax unpredictability, a feature of our tax legislation. For a friendly fiscal environment is needed predictability and stability, and this variety of tax changes produced in a short period of time causes tax uncertainty, which implicitly brings new costs for companies, decrease of financial results or tax evasion.

Keywords: taxation; fiscal regulations; SMEs; economic crisis (search for similar items in EconPapers)
JEL-codes: H25 H32 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:19:y:2015:i:4:p:47-64

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