Abstract:

This paper underlines the importance of a healthy and well developed fiscal system. To highlight the need for unitary measures inside a fiscal system, the authors compared the European Union and the United States from the fiscal perspective and how it helps the economy and especially the growth of newly created SMEs (small and medium enterprises). Through this research there were highlighted all the necessary measures needed to be achieved in the idea of reconfiguring or reshaping fiscal systems, especially the EU’s system for creating a better catching up towards the US. To sum up the research some remarks will stress some common sense characteristics that are needed to be emphasized for helping taxpayers and the globalized business environment.