THE IMPACT OF THE FISCAL REGULATIONS UPON THE SMALL AND MEDIUM BUSINESSES SECTOR IN THE CONTEXT OF FISCAL COMPETITION

The creations and development of the international exchanges, of the capital markets, the elimination of commercial barriers and openings of the labor market have generated the globalization effect upon the financial and economic activities. In this context, the world economies have reached higher and higher annual development rates, but the year 2008 has been a mill stone for the international economies being characterized by increasing inflation and unemployment rates, slowing down developing rates and consumption decrease. This paper aims to underline the state role in influencing the small and medium businesses activities. In Romania, the fiscal reform has generated contradictory effects upon the profitable activities. The paper underlines the gains and the losses registered by the small and medium businesses if they declare themselves as profit taxpayers or revenue taxpayers, as the Romanian legislations allows them to choose between those two.