IDEAS home Printed from https://ideas.repec.org/a/aio/fpvfcf/v1y2019i21p120-126.html
   My bibliography  Save this article

Use of the Common and Consolidated Corporate Tax Base at European Union Level. Implications for Romania

Author

Listed:
  • Anca BUZIERNESCU

    (University of Craiova, Doctoral School of Economic Sciences)

  • Radu BUZIERNESCU

    (University of Craiova)

Abstract

In recent years, the European Union is taking more and more decisive tax harmonization measures for the Member States and for combating aggressive tax planning. The measures are supported by the European Commission and some Member States on the grounds that the single rules will simplify the calculation and reporting of corporate income tax, increase national budgetary receipts and decrease administrative costs. The evolution of the economy in the digital sphere has also been taken into account, which requires new approaches regarding taxation and the definition or redefinition of certain terms currently used. Opponents of the amendments invoke the principle of subsidiarity in Community law, as well as the application of provisions different from those issued by the OECD in terms of transfer prices – the BEPS project (Base Erosion and Profit Shifting). Also, the harmonization of the accounting provisions can be a significant obstacle, the criteria for recognizing the income and expenses can be substantially different in the new context

Suggested Citation

  • Anca BUZIERNESCU & Radu BUZIERNESCU, 2019. "Use of the Common and Consolidated Corporate Tax Base at European Union Level. Implications for Romania," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(21), pages 120-126, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2019:i:21:p:120-126
    as

    Download full text from publisher

    File URL: http://www.financejournal.ro/fisiere/revista/176980986211.%20BuziernescuA_BuziernescuR%20EN.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    tax harmonization; aggressive tax planning; digital economy; turnover tax; common corporate tax base.;
    All these keywords.

    JEL classification:

    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:fpvfcf:v:1:y:2019:i:21:p:120-126. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alina Manta (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.