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Perspectives on Tax Optimization: Opportunities and Challenges

Author

Listed:
  • Flavius Valentin Jakubowicz

    (The Bucharest University of Economic Studies, Romania)

  • Ionela Munteanu

    („Ovidius†University of Constanta, Faculty of Economic Sciences, Romania)

Abstract

The importance of taxation has always had a dual side. While the state is interested in increasing its budget revenues by influencing taxability, taxpayers are interested in reducing their tax obligations. In this regard, the concept of tax optimization has different meanings depending on the interests of the parties concerned. This paper presents a literature review on tax optimization issues and highlights opportunities or challenges associated with tax mechanism. Tax compliance methods, tax avoidance or fraud are subjects of particular attention. Topics such as the impact of taxation on business organization forms, complexity of regulations, tax havens, cryptocurrency and transfer prices are competing to clarify the meaning of tax optimization and to receive theoretical approaches and practical examples of interest to both scholars and professionals involved in tax practice.

Suggested Citation

  • Flavius Valentin Jakubowicz & Ionela Munteanu, 2022. "Perspectives on Tax Optimization: Opportunities and Challenges," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 883-889, Decembrie.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:883-889
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%205/11.pdf
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    References listed on IDEAS

    as
    1. Nico A. Hansen & Anke S. Kessler, 2001. "The Political Geography of Tax H(e)avens and Tax Hells," American Economic Review, American Economic Association, vol. 91(4), pages 1103-1115, September.
    2. Anna Feller & Deborah Schanz, 2017. "The Three Hurdles of Tax Planning: How Business Context, Aims of Tax Planning, and Tax Manager Power Affect Tax Expense," Contemporary Accounting Research, John Wiley & Sons, vol. 34(1), pages 494-524, March.
    3. Dhammika Dharmapala, 2008. "What problems and opportunities are created by tax havens?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 24(4), pages 661-679, winter.
    4. Kamer-Ainur Aivaz & Ionela Florea Munteanu & Alina Chiriac, 2022. "An exploratory analysis of the dynamics of the activity of the Fiscal Anti-fraud Directorate General in the 2014-2020 period at the level of Romania," Technium Social Sciences Journal, Technium Science, vol. 30(1), pages 337-347, April.
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    Cited by:

    1. Oana-Iulia Florea & Kamer-Ainur Aivaz & Diane-Paula Vancea, 2023. "The Hidden Mechanisms and Impact of International Economic Crime: A Bibliometric Perspective," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 72-79, December.

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    More about this item

    Keywords

    tax optimization; tax planning; tax avoidance; tax fraud;
    All these keywords.

    JEL classification:

    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods

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