Fiscal Policy and its role in ensuring economic stability

The State, irrespective of its institutional nature and contents throughout history, has been the most important answer or, better said, the best-structured solution of society members to the issues of their world’s complexity. Processes such as globalization and integration, individuals’ increasing reliance upon technology, limited vital resources in order to ensure normal life, social polarization growth, poverty augmentation, migrating flows, occurrence of diseases that can rapidly spread at world level – all the above increase the complexity of our world and make the State’s economic involvement compulsory. In this respect, an important role is held by the fiscal system, originally created to meet strictly financial goals of the State but subsequently enriched by various economic and social objectives due to the development of human society. Fiscality can be viewed as a prerequisite to compensate gaps and for a genuine European policy of economic growth. The impact of fiscality upon society members in every economy is significant, with tax payers’ acceptance or refusal having a major effect upon the State’s intervention by typical means in the entire activity of a society. The paper suggests a analysis of fiscality in Romania. Romania suffers from the lack of ”self-image” and the factors generating it are also to be found in the present paper.Fiscality, fiscal policy, economic stability

Analyzing the Classic Methods of Organizing the Administration Accountacy Used in the Carboniferous Mining Industry

Information regarding production costs occupy a central slot, determined by their implications regarding the present and future evolution of a company. The value of information regarding the cost of production justifies its use both in decisions regarding the current activity and in the company’s future strategy. The efficient organization of economic activity in the carboniferous mining industry imposes a constant improvement of management methods, which also implies a reconsideration of administration accountancy methods and cost control, which have to become capable of offering information that can be compatible to the requirements for an efficient management of the production process, in a market economy.Classic Methods, Administration Accountacy, Carboniferous Mining Industry

Romania's public debts and their consequences upon the economy

In June 2009, Romania’s public debts rose by 12.6% more than late last year, that is up to 123.61 billion Lei (29.4 billion Euros), meaning 23.27% of the gross domestic product originally estimated for this year. Foreign loans are not a new phenomenon. Yet, in the current economic context, it is the consequences which might occur that bother most of us as a result of the (significant) increase of public debts. Concluding a loan agreement with the International Monetary Fund is « necessary evil » because it has both advantages and disadvantages. This paper aims at analyzing aspects regarding the benefits, direct and indirect costs, and social effects of such a loan.public debts, elbows, benefits, economy

Fiscal Amendments Required by Romania's Accession to the European Union

On the background of creation of a unitary fiscal system at the European Union's level, the legislative framework in Romania on the financial-fiscal field underwent a series of amendments with a view to achieve the objectives related to the extension of the taxation basis, to taking over the directives in the field from the European Union's legislation and to improvement and simplification of the regulatory environment. Next we shall try to summarize the main legislative amendments, by type of tax and fee entered into force after 1 January 2007 that directly affect both the business environment in Romania and every single citizen.amendments, accession, European Union, fee, tax, Member State, intra-Community acquisition, intra-Community delivery

Duality in linear programming

Any linear programming problem marked as P and called ”primal” can be seen in connection with another linear programming problem marked as D and called ”dual”. The economic interpretation of the dual model brings about new information when analyzing such phenomena and when substantiating decision makingLinear programming problem, duality

Fundamental Issues Concerning the Organization of Management Accounting in Units of Natural Resource Exploitation

The complexity of economic life in the competition imposed by the market economy requires a continuous search and use of the most rational and efficient organizational forms and methods of managerial accounting and therefore of production cost calculation. The implementation of such method must consider both the specific of companies where it will be used and the requirements of a modern information system, able to respond at any time to the continuous pressure exerted by external factors of the company.management accounting, costs, expenses, coal mining

The romanian coal industry in the context of economic global development

In the last century, the world has seen an acceleration of technological development in almost all the fields related to human life, leading to rapid improvement of living standards in most countries. Electricity industry is a basic economic branch, and is also a branch with high importance to the economy and social life of any country. This branch, which currently is the base of industrial, agricultural, transportation and telecommunications activities, and which characterizes the entire modern world civilization, began to develop only towards the late of the XX-th century. Electricity is an energy form easily usable in production, household consumption, transport, telecommunications etc. It was the one that revolutionized manufacturing resources and equipment used in all fields. Electricity production worldwide has increased about 30 times since 1938. Coal maintained a vital role in the total energy sources, especially by ensuring price stability which is a major and indispensable factor for stability and further economic growth, and also by its distribution around the globe.coal mining industry, provisioned reserves, fossil fuel production, energy

INVOLVEMENT WITHIN THE SUSTAINABLE DEVELOPMENT – STRATEGIC OBJECTIVE FOR BANKS FROM ROMANIA

Nowadays, an important aspect for the global economic development with implications also in the economy of Romania is represented by the providing of balance between the economical growth and the natural environment in sense of its protection and who are the main players to assume this responsibility. In this article, we have developed the importance of assuming responsibility within the implementation of this concept “sustainable development” by the banks from Romania, with all that this involves: costs, but also advantages.decision, environmental protection, information, investments, resources, sustainable development.

Fundamental Issues Concerning the Organization of Management Accounting in Units of Natural Resource Exploitation

The complexity of economic life in the competition imposed by the market economy requires a continuous search and use of the most rational and efficient organizational forms and methods of managerial accounting and therefore of production cost calculation. The implementation of such method must consider both the specific ofcompanies where it will be used and the requirements of a modern information system,able to respond at any time to the continuous pressure exerted by external factors of the company

TAX AND ACCOUNTING IMPLICATIONS OF THE USE OF SPECIAL CHARGE SCHEME FOR SECOND-HAND GOODS TO THE PAWN SHOPS IN ROMANIA

In the same time with the crisis deepening in Romania, pawn businessesare also growing. In this paper we discussed several issues concerning the choice of the schemeof registration and determination of value added tax at Pawn Shops, together with the tax andaccounting implications of this choice. Therefore, we presented the theoretical aspectsregarding the likelihood of Pawn Shops to choose the special scheme for second-hand goods, asthey are covered by the Fiscal Code. At the end of this paper we presented based on an examplethe tax and accounting implications of such special scheme as compared with the “normal”scheme regarding VAT at the Pawn Shops in Romania