摘要：Considering the favourable conditions generated by the economic growth of the last years in Romania,in the context of a perpetual amendment of the Fiscal Code,it is necessary to assess the impact of the proposed fiscal relaxation and to quantify this impact by applying an econometric model to the economic agents regarding their contribution to the state budget by paying the profit tax. The objective of the study is to compare the sustainable growth rates in the presence of two types of fiscal policy,with two different rates of corporation tax set by the old and new regulations of the Fiscal Code. The proposed method envisaged the establishment of a sample of economically representative companies of Romania,with a turnover of over 750,000,000 euros. The sample was evaluated in terms of economic capacity,financial performance and capitalization of the tax surplus. Based on these criteria,a number of 20 economic companies were selected,for which the economic and financial data were collected between 2014 and 2016 and 15 synthetic,analytical and aggregate indicators were calculated. Aggregate indicators allowed an econometric model to be assessed objectively,taking into account aggregate factors and the fiscal surplus,an average rate of sustainable growth of the tax hypothesis with 10%. The proposed model is a statistically significant and impactful in the analysis of the proposed phenomenon because the profit tax is an important component in the realization of the national budget revenues and on the other hand the investment capacity of the economic agents is a generator of profit maximization and economic sustainable growth.
