Articol Articol

TAX INCENTIVE SCHEMES FOR R&D – A SOLUTION FOR THE ROMANIAN ECONOMY
This study aims to examine what are the most efficient designs
for a tax incentive scheme for Romania. We also investigated the
relationship between the level of economic development and the R&D
intensity in the European Union States. Our results suggest that the
policy making authorities should focus on facilitating private
investments in R&D, and especially on specific fiscal incentive schemes
for SMEs. These schemes are important and efficient because they, by
supporting enterprise’s real needs, are not distorting the markets, thus
facilitating and supporting R&D projects with very specific needs, with
a more appropriate timing of the projects. After a complex description
and analysis of ten examples of good practice in EU, we found out that
an efficient scheme for R&D activities in Romania should focus on R&D
expenses, containing both capital and current expenses, a benefit in
form of an additional deduction for eligible R&D expenses, a flat rate
system and size differentiation.

TAX INCENTIVE SCHEMES FOR R&D – A SOLUTION FOR THE ROMANIAN ECONOMY.

Review of General Management

Volum 16 | Număr 2 | Publicat la 20/11/2012 | ISSN  1841-818X | eISSN  1841-818X

Autori:
Ion Popa [1] | Victor LAVRIC [1]
[1] Academia de Studii Economice Bucureşti
Rezumat
This study aims to examine what are the most efficient designs
for a tax incentive scheme for Romania. We also investigated the
relationship between the level of economic development and the R&D
intensity in the European Union States. Our results suggest that the
policy making authorities should focus on facilitating private
investments in R&D, and especially on specific fiscal incentive schemes
for SMEs. These schemes are important and efficient because they, by
supporting enterprise’s real needs, are not distorting the markets, thus
facilitating and supporting R&D projects with very specific needs, with
a more appropriate timing of the projects. After a complex description
and analysis of ten examples of good practice in EU, we found out that
an efficient scheme for R&D activities in Romania should focus on R&D
expenses, containing both capital and current expenses, a benefit in
form of an additional deduction for eligible R&D expenses, a flat rate
system and size differentiation.




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