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Tax Policy under the Curse of Low Revenues: The Case of Romania (Part II)

  • Daianu, Daniel

    ()

    (SNSPA, Bucharest)

  • Kallai, Ella

    ()

    (Alpha Bank Romania)

  • Lungu, Laurian

    ()

    (Cardiff Business School and Macroanalitica, Bucharest)

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.

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File URL: http://www.ipe.ro/rjef/rjef2_12/rjef2_2012p143-162.pdf
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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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Handle: RePEc:rjr:romjef:v::y:2012:i:2:p:143-162
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  1. 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.
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  5. Roger Gordon & Wei Li, 2007. "Puzzling Tax Structures in Devloping Countries: A Comparison of Two Alternative Explanations," NBER Chapters, in: Fiscal Policy and Management in East Asia, NBER-EASE, Volume 16, pages 9-35 National Bureau of Economic Research, Inc.
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  8. Thomas Hemmelgarn & Gaëtan Nicodème, 2010. "The 2008 Financial Crisis and Taxation Policy," Working Papers CEB 10-006.RS, ULB -- Universite Libre de Bruxelles.
  9. von Hagen, Jürgen & Traistaru, Iulia, 2004. "Macroeconomic adjustment in the new EU member states," ZEI Working Papers B 01-2005 [rev.], ZEI - Center for European Integration Studies, University of Bonn.
  10. Alexandru Adriana Anamaria & Dobre Ion & Ghinararu Catalin, 2009. "Estimating The Size Of Romanian Shadow Economy Using The Currency Demand Approach," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 2(1), pages 623-631, May.
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  12. Tuomala, Matti, 1990. "Optimal Income Tax and Redistribution," OUP Catalogue, Oxford University Press, number 9780198286059, March.
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  15. Diamond, Peter A & Mirrlees, James A, 1971. "Optimal Taxation and Public Production II: Tax Rules," American Economic Review, American Economic Association, vol. 61(3), pages 261-78, June.
  16. European Commission, 2009. "Taxation trends in the European Union: 2009 edition," Taxation trends 2009, Directorate General Taxation and Customs Union, European Commission.
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