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Fiscal Risk in the Activity of a Company

Author

Listed:
  • Mircea-Iosif Rus

    (National Institute of Research & Development (INCD URBAN-INCERC), Cluj-Napoca Branch, Romania)

Abstract

Fiscal risk can arise in countries where the government applies a tax system that has only one purpose, to bring revenue to the budget. If a country wants to attract investors from other countries, it must apply a proper tax system, without high taxes, because those investors will be tempted to migrate to other countries with a more permissive tax system, perhaps even to those countries considered tax havens. In addition to all this, an important role in implementing a tax risk-free tax system is also globalisation. Nor should we forget inflation, which can occur and lead to a high tax risk, which can result in an erosion of the income of enterprises and a decrease in profitability. The objective of the paper is to highlight the tax risk to which an enterprise is subject in various situations (inflation, globalisation) and their effects.

Suggested Citation

  • Mircea-Iosif Rus, 2023. "Fiscal Risk in the Activity of a Company," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 861-865, December.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:2:p:861-865
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    References listed on IDEAS

    as
    1. Mircea-Iosif Rus, 2022. "The Importance and Necessity of Heritage Evaluation," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1010-1014, Decembrie.
    2. Florica Brasoveanu, 2023. "The Role of Legislation and Legal Institutions in Promoting Sustainable Development at the Regional Level," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 50-57, August.
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    More about this item

    Keywords

    fiscal risk; inflation; globalisation; revenue; expenses;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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