THE ECONOMIC ESSENCE AND FUNCTIONS OF PERSONAL INCOME TAXES
Keywords:
income tax, state revenue, fairness, efficiency, redistribution, economic growth, Uzbekistan, reforms.Abstract
This article explores personal income taxes as a key source of state revenue, analyzing their economic essence and historical evolution. It highlights the role of these taxes in income redistribution, stimulating economic activity, and funding state programs. The article also examines Uzbekistan's personal income tax system, focusing on its development during the transition to a market economy from 1992 to 2007. Key conclusions emphasize the significance of fairness, efficiency, transparency, and adaptability in tax policy. The research identifies personal income taxes as a tool for ensuring financial stability, reducing budget deficits, providing public services, and promoting socioeconomic goals.
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