The Reduction of Social Security Contributions: How Much Would It “Cost” the Budget?
In the European Union’s fiscal map, Romania can still be considered competitive when it comes to taxes, at least when it comes to taxing profits, through its 16% flat tax rate. Yet when it comes to taxing labour, things are different. Through social contributions and the payment ceiling – established in a strong redistributive way at 5 times the average gross wage – wage
Economic Freedom and Property – Book Launch
This book aims to be a comprehensive approach regarding the problem of liberty, from the scientific foundations of freedom and property rights, to the analysis of Romanian and European realities. We do not believe that there are many people in this world and in this historical moment from the 21st century who could conceive human society in the absence of property or who
Structural Reforms and Property: Back to the Origins
We should admit that, even if it is a European state through institutional adoption, nowadays Romania does not truly demonstrate that it made the decisive step towards the principles of a market economy, which would bring Romanians the so-longed good life and prosperity. Currently, the Romanian economy is almost entirely built through and around the state
The Myth of “the Efficiency Criterion” in Economic Science
“Efficiency” is the marvellous concept based on which almost all economists build their judgements and theories since forever. But the way in which the efficiency argument has been used explains many of today’s bad aspects. Using “the efficiency criterion” on state policies has insurmountable scientific limitations. Ignoring them, due to lack of knowledge or rather out of interest, easily led
Absolute fiscal simplification by eliminating the corporate income tax
For more than 20 years, the tax system perpetuated itself bureaucratically and administratively, its main function being to serve the state budget. Anyway, where and when it was done, tax simplification was only marginal. Rarely were more daring solutions advanced, meant to revive a paralyzed, bureaucratic fiscal system that actually generated economic counter-
