Should Tax Courses Be Required For All Romanian Universities’ Business Students? The New Future Of Business Education

Typically, Romanian university colleges of business require students to pursue basic accounting, economics, finance, and management classes at the undergraduate level or, for the first time, while pursuing studies in the masters of business administration (MBA) program. Generally, university administrators do not impose tax courses on business students (economics, finance, management, etc.) and sometimes do not even require them for accounting students. Administrators likely do not require tax studies because of the combination of their real-world advisors, managers, not truly understanding the value of tax planning in their own businesses let alone in university curricula and few available tax professors. Many real-world managers, universities’ advisors, also do not truly comprehend the value of tax planning. With these beliefs then, they generally do not advise university administrators to require tax courses for students who are about to enter the business field. Too few tax professors are available not just in Romania but also globally. Individuals in the tax field earn so much that they rarely consider entering academia because of the pay cut. The paper then provides examples, evidencing the necessity of combining tax knowledge with financial accounting, economics, finance, and management studies. Next, solutions to the lack of professors are discussed. These results are then analyzed with implications for Romanian universities with the conclusion following.