The Fiscal Burden in Relation to Income from Salaries. European Union Case Study
Taxation plays a fundamental role in creating fair societies and building strong economies. It can help curtail inequalities, not just by supporting social mobility, but also by reducing market revenue inequalities. Fiscal policy can also impact employment decisions, the level of investments and the...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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The Body of Expert and Licensed Accountants of Romania
2020-02-01
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| Series: | CECCAR Business Review |
| Subjects: | |
| Online Access: |
https://www.ceccarbusinessreview.ro/the-fiscal-burden-in-relation-to-income-from-salaries-european-union-case-study-a5d/download-PDF/
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| Summary: | Taxation plays a fundamental role in creating fair societies and building strong economies. It can help curtail inequalities, not just by supporting social mobility, but also by reducing market revenue inequalities. Fiscal policy can also impact employment decisions, the level of investments and the entrepreneurs’ willingness to expand their activities, which all lead to economic growth. Romania’s revenues from labour taxes is much lower than the European Union average. Nevertheless, the fiscal burden related to income from salaries is relatively high, at 39.8%, while the EU average is 38.2%. These numbers attest to the high fiscal burden in our country in relation to labour taxes. |
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| ISSN: | 2668-8921 2668-8921 |