THE IMPACT OF TAX POLICY ON ECONOMIC DEVELOPMENT

Today, ensuring sustainable economic development, improving public welfare, and strengthening state budget revenues are among the key priorities facing every country. In this process, tax policy plays a significant role as one of the main instruments for regulating the economy. Through taxation, governments influence economic activities, encourage entrepreneurship, improve the investment climate, and contribute to the expansion of production.

International experience demonstrates that a well-designed tax policy is a crucial factor in a country's economic development. An effective tax system promotes economic growth, supports the development of small businesses and private entrepreneurship, creates new employment opportunities, and strengthens the financial stability of the state.