ASSESSMENT OF THE EFFECTIVENESS OF USING TAX INCENTIVES
DOI:
https://doi.org/10.55640/Keywords:
tax incentives, fiscal policy, economic efficiency, tax benefits, investment stimulation, cost-benefit analysis, budget revenues, economic growth, tax policy evaluation, public finance, developing economiesAbstract
This study examines the effectiveness of utilizing tax incentives as an important instrument of fiscal policy aimed at stimulating economic growth, attracting investments, and supporting priority sectors of the economy. The research analyzes the theoretical foundations and practical mechanisms of tax incentives, as well as their impact on business activity, employment, and budget revenues. Special attention is given to evaluating the efficiency of tax benefits through quantitative and qualitative indicators, including cost-benefit analysis and fiscal efficiency metrics. The study also highlights international experiences in implementing tax incentives and identifies key challenges associated with their misuse, inefficiency, and potential revenue losses. Based on the analysis, recommendations are proposed to improve the transparency, targeting, and overall effectiveness of tax incentive policies in developing economies, particularly in the context of economic reforms and modernization.
References
1.International Monetary Fund. (2023). Tax Incentives and Investment in Developing Economies. Washington, DC: IMF Publishing.
2.World Bank. (2022). Global Tax Incentives Database: Policy and Practice. Washington, DC.
3.Organisation for Economic Co-operation and Development. (2023). Tax Expenditures and Fiscal Transparency. Paris: OECD Publishing.
4.United Nations Conference on Trade and Development. (2022). World Investment Report 2022: International Tax Reforms and Sustainable Investment. Geneva.
5.Asian Development Bank. (2023). Public Finance and Tax Policy Reforms in Asia. Manila.
6.European Commission. (2022). Taxation Trends in the European Union. Brussels.
7.State Tax Committee of the Republic of Uzbekistan. (2023). Annual Report on Tax Policy and Tax Incentives in Uzbekistan. Tashkent.
8.Ministry of Economy and Finance of Uzbekistan. (2024). Fiscal Policy Review and Tax Incentives Effectiveness Report. Tashkent.
9.Central Bank of Uzbekistan. (2023). Macroeconomic Review and Investment Climate Analysis. Tashkent.
10.James R. Hines Jr.. (2022). Tax Policy and International Investment Decisions. Journal of Economic Perspectives.
11.Alan J. Auerbach. (2023). The Economics of Tax Policy and Investment. American Economic Review.
12.United Nations. (2023). Financing for Sustainable Development Report. New York.
13.PwC. (2024). Worldwide Tax Summaries: Corporate Taxes 2024. London.
14.KPMG. (2023). Tax Incentives and Economic Growth: Global Survey. Amsterdam.
15.Ernst & Young. (2024). Global Tax Policy Outlook. London.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.
