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Theoretical And Practical Aspects On Tax Evasion As A Phenomenon Of The Underground Economy

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  • CHIRCULESCU MARIA FELICIA

    (UNIVERSITY CONSTANTIN BRANCUSI TARGU JIU)

Abstract

The importance of this topic is given by the high number of cases that have as object crimes in the field of tax evasion. The black economy ends up having significant shares in the domestic product of states, with negative consequences for the budget year, especially in conditions of economic constraints or against the background of economic recession. Tax evasion is very high in Romania and deprives the budget of substantial amounts, according to information provided in a report of the Fiscal Council. The number of cases involving economic crimes is constantly increasing, as a result of the balance sheets of the Public Ministry or other institutions that have a role in preventing and combating tax evasion. Thus, the paper aims to show the negative effects generated by tax evasion and the underground economy for Romania, but also for the other member states of the European Union. At the same time, it is necessary to be aware of the fact that limiting these negative phenomena can be one of the solutions to restore the public financial balance for Romania.

Suggested Citation

  • Chirculescu Maria Felicia, 2021. "Theoretical And Practical Aspects On Tax Evasion As A Phenomenon Of The Underground Economy," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 42-49, August.
    • Handle: RePEc:cbu:jrnlec:y:2021:v:4:p:42-49
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    References listed on IDEAS

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    Keywords

    tax evasion; underground economy;

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