Tax Policy under the Curse of Low Revenues: The Case of Romania (Part II)
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.Download Info
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Article provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.
Volume (Year): (2012)
Issue (Month): 2 (June)
Pages: 143-162
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Related research
Keywords: Budgetary Revenues; Taxation; Implicit Tax Rates; Arrears; Shadow Economy;Find related papers by JEL classification:
- H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
- H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion
- H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ionut Dumitru & Razvan Stanca, 2011.
"Fiscal discipline and economic growth – the case of Romania,"
Advances in Economic and Financial Research - DOFIN Working Paper Series
50, Bucharest University of Economics, Center for Advanced Research in Finance and Banking - CARFIB.
- Dumitru, Ionut & Stanca, Razvan, 2010. "Fiscal discipline and economic growth – the case of Romania," MPRA Paper 27300, University Library of Munich, Germany.
- Tudorel ANDREI & Andreea Iluzia IACOB & Stelian STANCU & Bogdan OANCEA, 2010. "Quantitative Techniques used for the Informal Economy Analysis at National and Regional Level," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 14(3), pages 153-164.
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