Open AccessTransformation of the taxation system and its influence on enterprise development in the Republic of
Author(s) -
Furkat Bazarov
Publication year - 2011
Publication title -
european journal of business and economics
Language(s) - English
Resource type - Journals
eISSN - 1804-9699
pISSN - 1804-5839
DOI - 10.12955/ejbe.v2i0.88
Subject(s) - economics , value added tax , indirect tax , tax reform , ad valorem tax , double taxation , direct tax , tax credit , order (exchange) , public economics , state income tax , international taxation , unemployment , macroeconomics , economic policy , finance
The research studies impacts of new tax changes to the small businesses, unemployment and to economic growth in Uzbekistan. The study shows that the tax policy directed on perfection of tax mechanisms, reduction of tax rates aimed to raise economic efficiency of manufacturing and increasing individual income. As a result from year to year the tax burden is reduced and the taxation order becomes simpler. Empirical analysis shows that only for last seven years the general tax burden in economy was reduced with 40 to 27 percent. The author found problems existing in small business taxation and generalizes recommendations for simplification of tax system and tax administration.