GENERAL MACROECONOMIC CONTEXT AS ADDITIONAL MOTIVATION FOR THE ROMANIA PERSONAL INCOME TAXATION REFORM
GENERAL MACROECONOMIC CONTEXT AS ADDITIONAL MOTIVATION FOR THE ROMANIA PERSONAL INCOME TAXATION REFORM

Summary/Abstract: In general, the main consideration is that at the level of the national economy, the main decisions are based on the analysis of internal developments. However, the international context must be monitored very carefully, the last major crises, the financial crisis of 2008-2009 and the COVID-19 crisis have shown that the dangers come from outside. Having said that, the article tries to discern what the international expectations for the next period are and how they can have an impact domestically, on the Romanian economy and especially on the Romanian taxation system. Particular attention is paid to the personal income tax system, taking into account that the discussions of the last period reflect the concerns regarding the return to a progressive tax system. The article does not try to give a verdict on what should be done, but it wants to establish the framework of the limits of the perspectives and help in outlining some correct macroeconomic policy measures, especially fiscal policy, for the future.

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