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Comparative Analysis Of Fiscal Systems And Policies


  • Delia IANCU

    (University of Craiova, Romania)


Although fiscal harmonization with regard to indirect taxation has been achieved right from the beginning of the European Union, as regards direct taxation, Member States have much more freedom of decision, which leads to the diversity of tax systems and to differences in competitiveness through the use of fiscal instruments. Therefore, we describe Romania's position in the European context regarding fiscal competitiveness. Taking into account the recent reforms implemented by the European countries, we have focused on the general tax burden and direct taxation, taking into account the indirect taxes and social contributions paid by both employers and employees. The present paper also makes a series of recommendations regarding the directions of evolution of the fiscal policy of the European Union in the next period. On the one hand, fiscal policy must be designed to support nominal and especially real convergence in the European Union. At the same time, fiscal policy must be flexible enough to alleviate any internal and external shocks generated by accession.

Suggested Citation

  • Delia IANCU, 2019. "Comparative Analysis Of Fiscal Systems And Policies," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 18(3), pages 175-181.
  • Handle: RePEc:pts:journl:y:2019:i:3:p:175-181

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    References listed on IDEAS

    1. Palea, Vera, 2013. "IAS/IFRS and Financial Reporting Quality: Lessons from the European Experience," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201330, University of Turin.
    2. Niamh M. Brennan & Doris M. Merkl-Davies, 2018. "Do firms effectively communicate with financial stakeholders? A conceptual model of corporate communication in a capital market context," Accounting and Business Research, Taylor & Francis Journals, vol. 48(5), pages 553-577, July.
    3. Kjell Magne Baksaas & Tonny Stenheim, 2019. "Proposal for improved financial statements under IFRS," Cogent Business & Management, Taylor & Francis Journals, vol. 6(1), pages 1642982-164, January.
    4. Linda Kannenberg & Philipp Schreck, 2019. "Integrated reporting: boon or bane? A review of empirical research on its determinants and implications," Journal of Business Economics, Springer, vol. 89(5), pages 515-567, July.
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    More about this item


    Fiscal system; Fiscal policy; Public revenue.;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation


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