FISCALITY IN THE WAGE POLICIES OF SOME EU MEMBER STATES

Elena Padurean
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Elena Padurean: Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania

Journal of Financial and Monetary Economics, 2016, vol. 3, issue 1, 33-35

Abstract: Fiscal and budgetary policy reflects the state's choice for necessary actions to be taken in order to ensure the population welfare and sustainable economic growth, naturally involving revenue mobilization and public spending. The insurance of a long-term macroeconomic growth is driven by several specific mechanisms and instruments, one representing the reduction of fiscal pressure by applying a system of tax incentives. Practically, all countries stipulate in their fiscal policies a robust set of instruments of special regimes, incentives and fiscal facilities to encourage the taxpayer to launch or consolidate his business to generate higher tax levy in the future. Such policies support sustainable economic growth, facilitate R & D-innovation, especially SMEs involved, eco-energy industries and high-value commodities, start-ups in IT, support scientific and technical progress.

Keywords: fiscality; wage policy; fiscal system; integrated fiscal system (search for similar items in EconPapers)
JEL-codes: E62 J58 (search for similar items in EconPapers)
Date: 2016
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