TAX POLICY AND IMPACT ON ECONOMIC DEVELOPMENT

Аннотация

This in the article tax of the policy economic to progress impact is studied . Tax system main duties , tax types and their to the economy impact wide analysis Uzbekistan tax system to oneself typical features and his/her entrepreneurship and to investments impact in detail will be covered . In the article tax of the policy budget stability provision , social PCB increase and economic growth in support role also seeing is removed . From this outside , international tax experience andIn Uzbekistan doneincreasing tax reforms analysis will bedone . Key words: tax ,tax system ,social supply ,international tax experience Taxes state by designated standards based on chargeable funds , and their​ main tasks of the followingconsists of: 1. Budget formation – State by done increaseable all expenses ( social industry , defense , infrastructure , education , health save ) tax income at the expense of financed by tax of proceeds enough at the level to be of the state stable financial policy in providing important importance profession will reach . 2. Economic regulation – Through the tax system, the state takes measures to stimulate or restrict the economy. For example, certain tax breaks can support entrepreneurship. At the same time,an excessivetax burden can lead to adecrease ineconomic activity. 3. Income redistribution – A progressive tax system distributes income between the rich and the poor. This is an important tool for ensuring social justice and reducing disparities in livingstandards. 4. Social Security – Pensions, benefits, subsidies, and other social programs are financed by tax revenues. In particular, vulnerable segments of the population are protected through contributionsto social insurance funds. 5. Market regulation – Through taxes, the state influences consumption and production processes. For example, high excise taxes can be applied to certain products, limiting their consumption(alcohol, tobacco products, etc.). 6. Creating a competitive environment - Through the tax system, the state can prevent monopolies and create conditions for the development of small and medium-sized businesses. For example, by introducing incentives for small businesses, they will be able to compete with largecompanies. 7. Attracting international investment – Capital inflows into a country are attracted by creating a favorable tax environment for foreign investors. To this end, some countries provide tax incentives for foreign investment. The tax systems of different countries in the world differ depending on the level of economic development and government policies. Below is a review of the tax policies of some countries andtheirimpact ontheeconomy:  Scandinavian countries (Sweden, Norway, Denmark) finance extensive social programs through high tax rates. Although these countries have high income taxes, education, healthcare, andsocial security services are provided free ofcharge. page259 INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE ISSN:2692-5206,ImpactFactor:12,23 AmericanAcademicpublishers,volume05,issue04,2025 Journal: https://www.academicpublishers.org/journals/index.php/ijai  The United States tries to reduce the tax burden in order to encourage entrepreneurship and investment. Income tax rates are progressive, and there are tax breaks for large companies. There are also special tax breaks forcompanies that invest in innovativeindustries.  Germany and France try to achieve economic stability by ensuring that tax rates are balanced. While Germany's tax policy is aimed at supporting export industries, in France a large part ofthe tax burden is spent onfinancing social security and pensions.  Singapore and the United Arab Emirates have favorable tax systems for doing business. These countries have low corporate tax rates and incentives aimed at attracting international companies.  China is constantly changing its tax policies to stimulate economic development. In particular, tax breaks are provided to companies in the manufacturing and technological innovationsectors. In general, the tax system is formed in accordance with the economic and social needs of each country. An effective tax policy contributes to the sustainable development of the country's economy and thecreation ofafavorable environment for investors. The Republic of Uzbekistan has implemented reforms aimed at modernizing the tax system in recent years. Important changes thefollowing owninsidetakes :  Simplifiedtax system -Special benefits havebeen provided forsmall businesses.  Taxburden reduction–Sometaxes have beenreduced oreliminated.  Electronic tax reports - Modern digital technologies have been introduced to create conveniencefor taxpayers.  Tax incentives for investments – Tax incentives have been introduced to attract foreign investors.  Regional tax incentives – Special tax incentives have been established to develop production in certain regions. The tax system is one of the most important components of the state economy, and it