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Impact Of Lump-Sum Tax In Romania

Author

Listed:
  • Mihaela Cosmina Petre

    (Assistant Professor at the ”Constantin Brancoveanu” University of Pitesti)

  • Cristina Bunea Bontas

    (Assistant Professor at the ”Constantin Brancoveanu” University of Pitesti)

Abstract

Any enterprise is willing to get a higher profit and when taxation is low and when this is higher. As a manager, you do not justify your presence in the top, if you do not want to maximize your business opportunities, and get as much as possible. Therefore, the new lump-sum tax introduced by means of the Government Emergency Ordinance no. 34/2009, from our point of view, it directly acts over the firms’ financing. The Government Emergency Ordinance no.34/ 2009 concerning the introduction of the lumpsum tax in Romania, the measures that restrict and remove costs that can be deductible in a firm’s accounting, as well as those related to the rise of the tax to be paid by microenterprises caused strong debates in the business environment, especially within small businessmen. Financiers could not mention how long the firms would pay the lump-sum tax, because according to economic forecasts, many of them will not succeed to outrun the crisis and forecast a gloomy period for Romania, especially when, according to deadlines in the ordinance, many measures will be maintained up to the end of the next year, that obviously indicates the date when the state authorities expect a modification of the situation.

Suggested Citation

  • Mihaela Cosmina Petre & Cristina Bunea Bontas, 2009. "Impact Of Lump-Sum Tax In Romania," Romanian Economic Business Review, Romanian-American University, vol. 4(4), pages 157-164, Winter.
  • Handle: RePEc:rau:journl:v:4:y:2009:i:4:p:157-164
    as

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    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/WI09/REBE-WI09-A17.pdf
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    References listed on IDEAS

    as
    1. Kevin D. Hoover & Stephen J. Perez, 2004. "Truth and Robustness in Cross-country Growth Regressions," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(5), pages 765-798, December.
    2. Miles, Daniel & Mora, Juan, 2003. "On the performance of nonparametric specification tests in regression models," Computational Statistics & Data Analysis, Elsevier, vol. 42(3), pages 477-490, March.
    3. Amendola, Alessandra & Francq, Christian & Koopman, Siem Jan, 2006. "Special Issue on Nonlinear Modelling and Financial Econometrics," Computational Statistics & Data Analysis, Elsevier, vol. 51(4), pages 2115-2117, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    business environment; SME; income; tax; profit; turnover;

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