THE IMPORTANCE OF CORPORATE INCOME TAX IN DEVELOPED COUNTRIES AND ITS IMPACT ON ECONOMIC DEVELOPMENT

Authors

  • Alijon Turayev Samarkand Institute of Economics and Service Associate Professor of the Department of "Investment and Innovations", PhD
  • Behruz Xolmahmatov Student at Samarkand Institute of Economics and Service

DOI:

https://doi.org/10.55640/

Keywords:

Corporate Income Tax, Economic Development, Tax Policy, Investment, Business Profitability, Fiscal Revenue, Developed Countries

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

1.Bird, R., & Zolt, E. (2019). Corporate Taxation and Economic Development in Advanced Economies. Cambridge: Cambridge University Press.

2.Tursunov, B. (2021). Corporate Income Tax Policy and Investment Incentives. Journal of Taxation and Public Finance, 8(2), 33–55.

3.OECD. (2020). Corporate Tax Policy and Economic Growth: Best Practices in Developed Countries. Paris: OECD Publishing.

4.World Bank. (2021). Corporate Income Tax Systems and Business Performance: International Case Studies. Washington, D.C.: World Bank Publications.

5.European Commission. (2018). Guidelines on Corporate Taxation for Economic Development. Brussels: European Union.

6.State Tax Committee of the Republic of Uzbekistan. (2023). Tax Code of the Republic of Uzbekistan. Tashkent: Government Printing House.

7.Karimov, A. (2021). The Role of Corporate Income Tax in Promoting Investment and Economic Growth. Tashkent: Finance University Press.

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Published

2026-01-24

Issue

Vol. 5 No. 01 (2026): Journal of Multidisciplinary Sciences and Innovations

Section

Articles

License

Creative Commons 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.

How to Cite

THE IMPORTANCE OF CORPORATE INCOME TAX IN DEVELOPED COUNTRIES AND ITS IMPACT ON ECONOMIC DEVELOPMENT. (2026). Journal of Multidisciplinary Sciences and Innovations, 5(01), 1995-1997. https://doi.org/10.55640/

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