CONTROVERSIES CONCERNING THE FISCAL COMPETITION AND FISCAL HARMONIZATION WITHIN EUROPEAN UNION COUNTRIES

The traditional aim of the public authorities, towards creating a fiscal system, is represented by the maximization of the public revenues, depending upon the minimization of distortions over the investments size and positioning. The taxation of corporationsʹ revenues has generated real challenges to governments in the last years, if one might consider the significance of stimulating the entrepreneurship activities, and especially of the corporationsʹ activities on one hand, and the achievement of necessary financial resources so as to comply with the joint interest, on the other hand. The activities of corporations have proved to be an essential factor, specific to the economies of all states, due to the economic and social effects generated by corporations: creating of new employment opportunities, increasing the work productivity, increasing the competitiveness of products or developing the revenues sources, so as to increase the budgetary revenues. Taking into account the conditions of the economic globalization, the multinational companies have had the possibility of reaching the best manufacturing locations, depending upon the conditions available at certain moments on the market. In this way, one might emphasize that these conditions of fiscal nature have influenced the decisions making, concerning the positioning of foreign investments and capital flows, so that each state policy related to taxation of corporationsʹ revenues has to establish the topic of cardinally analysis