Theoretical and Applied Economics
No. 2 / 2021 (627), Summer
Case study: The impact on the Romanian State Budget in the case of EU adoption of the CCCTB Directive
National University of Political Studies and Public Administration
Abstract. This study comes in the current context in which the European Commission, chaired by Von der Leyen, stressed the need for a unitary and fair tax system in the European Union (CE, 2019). Moreover, considering the present macroeconomic environment influenced by the pandemic evolution and the current budgetary projections, implicitly by the historical Budget, previously approved by the European Council, I consider it appropriate to analyse the fiscal legislative efforts of the European Union.
This case study aims to analyse the impact on the Romanian State Budget if the proposal for a European Union Directive on corporate taxation will be adopted. Considering the legislative area of which the proposal for directive is part of, namely fiscal policy, where the Member States, based on the existing treaties, retain their sovereignty over the tax law and the Romanian representatives in the European Council have a veto on unitary tax regulations, the results of this study may be a guide to how Romanian representatives will vote within the European Council. Taking into consideration the fact that once the common consolidated base will be introduced, by maintaining the current rules presented in the legislative proposal, the impact on the Romanian’s national Budget will be a positive one.
Contents
The impact of non-banking financial markets on economic development
The effect of financial liberalization on Malaysian economic growth
Causal relationship between agricultural exports and economic growth: a diagnostic approach
COVID-19 and CAPM: a tale of reference dependence with the pharma stocks’ returns
Statistical analysis on population ageing
An impulse response function analysis of the impact of modern payment technologies on money demand in Nigeria
Statistical analysis on the evolution of economic activity in Romania
Determinants of trade flows to Agadir Agreement countries: gravity model three-way approach
Case study: The impact on the Romanian State Budget in the case of EU adoption of the CCCTB Directive
Public expenditure and economic development: New evidence from the BRICS-SAARC-ASEAN region
The external debt burden and economic growth in Africa: a panel data analysis
What explains the real exchange rate movement for the BRICS nations? With a separate analysis for Indian economy
Export supporting strategy, distance to frontier and economic growth
Volatility Forecasting, Market Efficiency and Effect of Recession of SRI Indices
The impact of taxation on growth: the case of Greece