Scientific and Theoretical Interpretation of the Concept of Tax Potential
Keywords:
regional tax potential, financial potential, scientific-theoretical approaches, financial resources, financial source, tax payments, budget revenuesAbstract
The article emphasizes that interest in the study of tax potential has existed for a long time. In particular, it is stated that the problems of determining the tax burden, the tax limit were studied in the works of the classics of political economy in the XVIII century and developed in the later and current directions of economic thought. It is noted that in the process of different approaches in economics to the tax burden, the formation of conceptual rules that are still used today in the field of taxes and taxation. In particular, the essence of the principle of fairness of taxation, the need for cost optimization for tax administration, the content of tax burden optimization, the relationship between the tax rate and the tax base, the role of taxes as a mechanism of state regulation of economic development were studied. All of these provisions are relevant to the science and practice of Uzbekistan and foreign countries, and their importance as a catalyst in the development of research in the field of taxes and taxation, tax policy. The content of the concept of tax potential has been theoretically analyzed on the basis of different scientific approaches of scientists. In particular, the different aspects of the concepts of tax potential and financial potential are revealed. The essence of the terms used in the interpretation of the concept of tax potential in foreign publications and the characteristics of the approaches of local scholars in this regard have been scientifically studied.
It was noted that the tax potential depends more on the country’s tax policy, applicable benefits, tax rates, tax base and other indicators. It was strongly suggested that in order to increase the economic power of the regions by determining the tax potential of the regions, it is possible to determine the state of access to taxable resources and the policy of further incentives or restrictions. The author has developed scientific views on the necessity and importance of the tax potential of the region in the formation of budget revenues.
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