Tag Archive | "taxes"

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Contribution of Taxes to the Making-Up of Budget Revenues in the Economic Growth

A significant coordinate of tax policy aims at the source of tax revenuese and share of tax revenues collected from the public, private sector, or from individuals in the GDP.

Collecting fees and taxes in Romania is marked, on one side by a business environment in difficulty (insolvency and bankruptcy cases increased), and on the other hand, by a declining tax base due to the limitation of business of economic operators in recent years. Thus, although by the tax administration policy, measures are provided for enhancing transparency, stability and predictability of the tax framework, it encounters major restrictions, a dynamic and more efficient collection being required.

Occurrence and evolution of tax evasion and low level of payment voluntary compliance of taxpayers should lead to the growth of performance of tax office in achieving the role of recovery of budget revenues.

As a rule, the economically advanced countries have a more developed level of direct taxes than the one of the indirect taxes, which is not also the case of developing countries. In their case, it is natural that indirect taxes should prevail because, on the one hand, it is pretty difficult to keep a record of the taxable revenues (there are many and of little value), and, on the other hand, an indirect tax collection is more convenient and requires a relatively low cost.

  Contribution of Taxes to the Making-Up of Budget Revenues in the Economic Growth (502.3 KiB, 385 hits)

Posted in Economics, Volume II, Issue no. 6

Management of Dues and Taxes Flow of Economic Entities

Dues and taxes, as a component part of cash flows can be managed according to general procedures of payment; this is the hypothesis, from which it starts, in what follows, in the assessment of payments management. A technique that characterizes especially the qualitative aspect of payments management is based on the formation of certain indexes, in terms of other numeric variables (patrimony value, turnover, equity ownership, profit etc.) that express, in relative expression, the correlation between payments and limits taken into consideration. These indexes form the analysis of rotation of patrimony elements by creating a link between balance sheet and profit and loss account. This analysis has as purpose establishing the necessary time to cover all steps of the economic circuit by capitals involved by the economic entity.

  Management of Dues and Taxes Flow of Economic Entities (727.2 KiB, 422 hits)

Posted in Economics, Issue no. 5, Knowledge Management