THE IMPORTANCE OF CORPORATE INCOME TAX IN DEVELOPED COUNTRIES AND ITS IMPACT ON ECONOMIC DEVELOPMENT
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Abstract
This study examines the significance of corporate income tax in developed countries and its role in promoting economic development. It analyzes how corporate income taxation affects business investment, resource allocation, profitability, and fiscal revenue. The research explores the balance between tax rates and economic incentives, highlighting strategies used by advanced economies to optimize corporate tax policy while encouraging growth. By reviewing international legislation, economic data, and case studies, the study provides recommendations for effective corporate income tax policy to stimulate investment, enhance compliance, and support sustainable economic development.
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References
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