Theoretical and Applied Economics
No. 12 / 2013 (589)
The VAT encashment system’s impact on return on invested capitals. Romania’s case
Bucharest University of Economic Studies
Florin DOBRE
Bucharest University of Economic Studies
Laura BRAD
Bucharest University of Economic Studies
Abstract. The modifications related to the fiscal regulations in Romania that refer to the VAT encashment system are considered as a fiscal relief for companies. Our purpose is to analyze the way in which the VAT encashment system becomes efficient and companies can benefit from the advantages offered by it. Taking into account the variety of domains in which companies enjoying this relief are activating, we are analyzing the impact that this particular VAT system can have on multiple industries and we aim at proving that the VAT encashment system cannot be always regarded as a fiscal relief policy. There are cases in which this particular measure to stimulate economic growth does not achieve its designated target. Throughout the paper we will simulate the implications on different industries, based on the organizational performances, we will emphasizes the favored domains of economic activities as well as those for which the VAT encashment system can produce negative externalities.
Contents
The impact of oil prices on sectoral returns: an empirical analysis from Borsa Istanbul
Aspects on the perception of young people regarding balneotherapy tourism in Romania
Model of analysis of the correlation between the population and the labor force market
Does convergence of incomes still exist among developed economies? Time series evidence in G7 countries
Analysis of the correlation between the evolution of the consumer loans and the evolution of household income in Romania
Exploring the determinants of the productivity of indian microfinance institutions
Fair value hedging, between opportunity and necessity
The VAT encashment system’s impact on return on invested capitals. Romania’s case
Regional dimension on competitiveness in the postcrisis period. Urban policy in Europe
Intangible assets as a source of competitiveness in the post-crisis economy. The role of brands