Dorel Noroc

Tax Expenditures in the Budgetary and Tax System: Definition and Evaluation

Economica, May 1, 2023

The pandemic crisis and war in the region have led states to identify new revenue mobilization me... more The pandemic crisis and war in the region have led states to identify new revenue mobilization measures to cope with rising public spending. An essential tool at their disposal is the optimization of tax expenditures, which must be achieved with minimal adverse effects on economic and social processes. For this, it is necessary to go through some actions related to identifying tax expenditures and their evaluation through the lens of lost budget revenues. Also, the evaluation process includes identifying the objectives for which they were introduced and the degree of achievement of these objectives. Following this evaluation, the decision-makers will analyse comparatively whether other budgetary-fiscal instruments could be applied to achieve the goals, such as expenditure programs, which would ensure greater efficiency of public policies.

Deficiencies of the value added tax system in the Republic of Moldova from the perspective of EU directives

Public revenues collected from the value added tax (hereinafter -VAT) ensure the financing of 47%... more Public revenues collected from the value added tax (hereinafter -VAT) ensure the financing of 47% of the total state budget expenditures in the Republic of Moldova, which demonstrates the main function of this type of indirect tax to contribute to the formation of budget financial resources. At the same time, VAT can be used by public decision-makers to stimulate or make the consumption of certain types of products more affordable, especially those of social importance (food, medicines, etc.). From the perspective of economic processes, it is essential to ensure the principle of VAT neutrality, which materializes in the economic value chain of goods and services through the right to deduct VAT amounts. This principle must ensure that companies operating under similar conditions must be subject to the payment of the same amount of VAT. The compliance with this principle should be analyzed in a comprehensive manner, on the entire value chain of production of goods and provision of services. A priori, we can mention that tax systems that are characterized by a host of exemptions and reduced quotas are more likely to create dysfunctions of the principle of neutrality and, respectively, of economic processes. The principle of neutrality is the basis of EU Directives, but also of the caselaw of the European Union in the field of VAT. This article proposes an analysis of the VAT system in the Republic of Moldova and the identification of elements that do not correspond to the principle of neutrality, creating impediments in the development of the national economy.

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Stimularea Creșterii Economice Prin Prisma Structurii Sistemului De Impozitare. Efectele Reformei Fiscale În Republica Moldova Din Anul 2018

Zenodo (CERN European Organization for Nuclear Research), Dec 2, 2022

Tax policy aims to establish a taxation system that contributes to economic growth. This can refe... more Tax policy aims to establish a taxation system that contributes to economic growth. This can refer to 3 components: (i) the general level of taxation, (ii) the structure of the taxation system (iii) the predictability and simplicity of the taxation system. The purpose of the article is to summarize the results of the studies in order to conclude the existence of the correlation between the structure of the taxation system and economic growth. Following research, the main types of taxes will be identified to be used as an instrument for economic growth and/or consolidation of budget revenues necessary to finance public expenditures, including investment ones. However, public investments can also contribute to increase the economic growth objective. Likewise, the article analyzes the main effects of the tax reform carried out in 2018 in the Republic of Moldova.

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Challenges in Harmonising the Tax Legislation of the Republic of Moldova with that of the European Union

Economica: Revistă ştiinţifico-didactică, Dec 1, 2023

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Deficiencies of the value added tax system in the Republic of Moldova from the perspective of EU directives

Development through Research and Innovation - 2022

Public revenues collected from the value added tax (hereinafter - VAT) ensure the financing of 47... more Public revenues collected from the value added tax (hereinafter - VAT) ensure the financing of 47% of the total state budget expenditures in the Republic of Moldova, which demonstrates the main function of this type of indirect tax to contribute to the formation of budget financial resources. At the same time, VAT can be used by public decision-makers to stimulate or make the consumption of certain types of products more affordable, especially those of social importance (food, medicines, etc.). From the perspective of economic processes, it is essential to ensure the principle of VAT neutrality, which materializes in the economic value chain of goods and services through the right to deduct VAT amounts. This principle must ensure that companies operating under similar conditions must be subject to the payment of the same amount of VAT. The compliance with this principle should be analyzed in a comprehensive manner, on the entire value chain of production of goods and provision of se...

Tax Expenditures in the Budgetary and Tax System: Definition and Evaluation

Economica

The pandemic crisis and war in the region have led states to identify new revenue mobilization me... more The pandemic crisis and war in the region have led states to identify new revenue mobilization measures to cope with rising public spending. An essential tool at their disposal is the optimization of tax expenditures, which must be achieved with minimal adverse effects on economic and social processes. For this, it is necessary to go through some actions related to identifying tax expenditures and their evaluation through the lens of lost budget revenues. Also, the evaluation process includes identifying the objectives for which they were introduced and the degree of achievement of these objectives. Following this evaluation, the decision-makers will analyse comparatively whether other budgetary-fiscal instruments could be applied to achieve the goals, such as expenditure programs, which would ensure greater efficiency of public policies.

Stimularea Creșterii Economice Prin Prisma Structurii Sistemului De Impozitare. Efectele Reformei Fiscale În Republica Moldova Din Anul 2018

CERN European Organization for Nuclear Research - Zenodo, Dec 2, 2022

Tax policy aims to establish a taxation system that contributes to economic growth. This can refe... more Tax policy aims to establish a taxation system that contributes to economic growth. This can refer to 3 components: (i) the general level of taxation, (ii) the structure of the taxation system (iii) the predictability and simplicity of the taxation system. The purpose of the article is to summarize the results of the studies in order to conclude the existence of the correlation between the structure of the taxation system and economic growth. Following research, the main types of taxes will be identified to be used as an instrument for economic growth and/or consolidation of budget revenues necessary to finance public expenditures, including investment ones. However, public investments can also contribute to increase the economic growth objective. Likewise, the article analyzes the main effects of the tax reform carried out in 2018 in the Republic of Moldova.

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