DECREASING INDIRECT FISCAL PRESSURE – ESSENTIAL TOOL FOR COMPETITIVENESS ENHANCING OF ROMANIA’S TOURISM SECTOR

Abstract

Present condition of Romanian economy is (still!) bad enough, given the yet existent (aftereffects of) world economic and financial crisis, so that this economy badly needs bolstering up in any manner whatsoever; considering this perspective, and Romania’s tourism potential, Romania’s tourism sector can become a hub of/for economic recovery. But, in order to do this, Romania’s policymakers need not lose from sight Romania’s long term objectives, whilst trying to attain (just) the short term ones. For the latter’ achievement fiscal policy is a main tool, but if this tool is used in extremis tourism sector will definitely suffer. On the other hand, it is also true fiscal policy, if used wisely, is more than able to be an essential tool with which one can enhance competitiveness of Romania’s tourism sector.

Keywords

• tourism
• vat taxation
• exportability