ELEMENTS TAX OPTIMIZATION SMALL AND MEDIUM ECONOMIC AGENTS DURING CRISIS

ELEMENTS TAX OPTIMIZATION SMALL AND MEDIUM ECONOMIC AGENTS DURING CRISIS

In Romania there is a high level of taxation, which dramatically reduces the remaining cash available to economic agents in the conditions in which short and long-term loans are granted at interest rates two to three times higher than in the European, US, and Japan. Failure to pay the debts to the s...

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Main Authors: Negoescu Gheorghe, Mihalcea Lucean
Format: Article
Language:English
Published: Dunarea de Jos University of Galati 2015-05-01
Series:Risk in Contemporary Economy
Online Access:http://www.rce.feaa.ugal.ro/images/stories/RCE2015/Finante-Contabilitate/NegoescuMihalcea.pdf
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spelling doaj-ee859850248a4b36ad7ddf4b3dca235f2020-11-24T23:22:38ZengDunarea de Jos University of Galati Risk in Contemporary Economy2067-05322067-05322015-05-0121314319ELEMENTS TAX OPTIMIZATION SMALL AND MEDIUM ECONOMIC AGENTS DURING CRISISNegoescu Gheorghe0Mihalcea Lucean1Ovidius University Constanta, RomaniaDunarea de Jos University of Galati, RomaniaIn Romania there is a high level of taxation, which dramatically reduces the remaining cash available to economic agents in the conditions in which short and long-term loans are granted at interest rates two to three times higher than in the European, US, and Japan. Failure to pay the debts to the state lead to access (interest, penalties and fines) significant delay for one year can double duty. Under these conditions, small businesses are forced to seek personal savings (hopefully) to offset debts receivable at IFNs in disadvantageous conditions of interest, or the underworld loan sharks. In these circumstances it is not surprising that the number of corporate bankrupts multiplied. In our attempt to answer PFA alternative employment or as a form of tax optimization.http://www.rce.feaa.ugal.ro/images/stories/RCE2015/Finante-Contabilitate/NegoescuMihalcea.pdf
collection DOAJ
language English
format Article
sources DOAJ
author Negoescu Gheorghe
Mihalcea Lucean
spellingShingle Negoescu Gheorghe
Mihalcea Lucean
ELEMENTS TAX OPTIMIZATION SMALL AND MEDIUM ECONOMIC AGENTS DURING CRISIS
Risk in Contemporary Economy
author_facet Negoescu Gheorghe
Mihalcea Lucean
author_sort Negoescu Gheorghe
title ELEMENTS TAX OPTIMIZATION SMALL AND MEDIUM ECONOMIC AGENTS DURING CRISIS
title_short ELEMENTS TAX OPTIMIZATION SMALL AND MEDIUM ECONOMIC AGENTS DURING CRISIS
title_full ELEMENTS TAX OPTIMIZATION SMALL AND MEDIUM ECONOMIC AGENTS DURING CRISIS
title_fullStr ELEMENTS TAX OPTIMIZATION SMALL AND MEDIUM ECONOMIC AGENTS DURING CRISIS
title_full_unstemmed ELEMENTS TAX OPTIMIZATION SMALL AND MEDIUM ECONOMIC AGENTS DURING CRISIS
title_sort elements tax optimization small and medium economic agents during crisis
publisher Dunarea de Jos University of Galati
series Risk in Contemporary Economy
issn 2067-0532
2067-0532
publishDate 2015-05-01
description In Romania there is a high level of taxation, which dramatically reduces the remaining cash available to economic agents in the conditions in which short and long-term loans are granted at interest rates two to three times higher than in the European, US, and Japan. Failure to pay the debts to the state lead to access (interest, penalties and fines) significant delay for one year can double duty. Under these conditions, small businesses are forced to seek personal savings (hopefully) to offset debts receivable at IFNs in disadvantageous conditions of interest, or the underworld loan sharks. In these circumstances it is not surprising that the number of corporate bankrupts multiplied. In our attempt to answer PFA alternative employment or as a form of tax optimization.
url http://www.rce.feaa.ugal.ro/images/stories/RCE2015/Finante-Contabilitate/NegoescuMihalcea.pdf
work_keys_str_mv AT negoescugheorghe elementstaxoptimizationsmallandmediumeconomicagentsduringcrisis
AT mihalcealucean elementstaxoptimizationsmallandmediumeconomicagentsduringcrisis
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