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COMMON FISCAL POLICY
COMMON FISCAL POLICY

Author(s): Gabriel Mursa
Subject(s): Politics / Political Sciences
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: common fiscal policy; foreign investment; taxes; public expenditure

Summary/Abstract: The purpose of this article is to demonstrate that a common fiscal policy, designed to support the euro currency, has some significant drawbacks. The greatest danger is the possibility of leveling the tax burden in all countries. This leveling of the tax is to the disadvantage of countries in Eastern Europe, in principle, countries poorly endowed with capital, that use a lax fiscal policy (Romania, Bulgaria, etc.) to attract foreign investment from rich countries of the European Union. In addition, common fiscal policy can lead to a higher degree of centralization of budgetary expenditures in the European Union.

  • Issue Year: 6/2014
  • Issue No: 2A
  • Page Range: 141-149
  • Page Count: 9
  • Language: English
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