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Economic Dynamics and Sustainable Development – Resources, Factors, Structures and Policies

Proceedings ESPERA 2015 – Part 1 and Part 2

Edited By Luminita Chivu, Constantin Ciutacu, Valeriu Ioan-Franc and Jean-Vasile Andrei

The book is dedicated to the 150th anniversary of the Romanian Academy. It contains the most valuable 100 papers presented at the International Conference «Economic Scientific Research – Theoretical, Empirical and Practical Approaches» (ESPERA 2015). The event is initiated annually by the National Institute for Economic Research «Costin C. Kirițescu» of the Romanian Academy. ESPERA aim to present and evaluate the economic scientific research portfolio as well as to argue and substantiate development strategies, including European and global best practices. ESPERA intend to become a scientific support for the conceptualization and the establishment of policies and strategies and to provide a systematic, permanent, wide and challenging dialogue within the European area of economic and social research.

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Fiscal – Budgetary Implications of Applying Value Added Tax at National Level During 2011–2014 (Ionel Leonida)


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Ionel Leonida1

Fiscal – Budgetary Implications of Applying Value Added Tax at National Level During 2011–2014

Abstract: The value added tax (VAT) is an important fiscal tool and represents an anchor used in the macroeconomic adjustment mechanism, and the establishment of tax revenue, with a share in the total tax revenues. In this paper, we propose to analyze the quantitative implications of the application of the VAT on the national fiscal revenue growth in the period of 2011–2014. We appreciate that the proposed analysis is useful, since the VAT has a transmission mechanism that ensures a rapid implementation and generation of the envisaged effects on both the consumption growth as a macroeconomic basis of tax application, and at the level of the fiscal consolidation. Also, the scope of VAT application includes tax evasion and fraud meaning that the work will quantitatively analyze these aspects as well.

Keywords: VAT, changes, tax incidents

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