Elvira Nikolaevna Borisova,
i.f.n., associate professor, Russian Cooperation University, Head of the Department of Finance
and Accounting, Moscow. Russia. Email: borisovna@gmail.com, ORCID: 0000 0002 3549 5184
Masharipov Ozod Alimovich,
Ph.D., Associate Professor, Audit Department, Tashkent Financial Institute, Tashkent,
Uzbekistan. Email: masaripovozod854@gmail.com
ORCID: 0000 0003 4912 3290
Khamidova Zarifa Urol qizi,
PhD., Senior Lecturer, Department of Auditing, Tashkent Financial Institute, Tashkent,
Uzbekistan. Email: zari_khamidova@mail.ru
ORCID: 0000 0002 9785 4170
Gafurova Aziza Fotikhovna,
Teacher, Audit Department, Tashkent Financial Institute, Tashkent, Uzbekistan. Email:
g_aziza@mail.ru, ORCID: 0000 0001 8852 5028
Abstract: Consistent reduction of the tax burden, simplification of the taxation system and improvement of tax administration are the most important conditions for accelerated economic development and improvement of the country’s investment attractiveness. At the same time, there are a number of systemic problems whose research results hinder uniform economic growth in this area, increase business and investment activity, formation of a healthy competitive environment, as well as ensuring the necessary level of tax collection and other mandatory payments. In the process of determining the tax burden in foreign countries, in particular in developed countries, and analyzing this indicator, ways are outlined to study the factors affecting the level of the tax burden, taking into account the specifics of the tax systems of foreign countries. As you know, when tax rates are reduced or some taxes are abolished, budget revenues are necessarily reduced. This can be overcome by effective tax administration and ensuring budget stability. To achieve this is the number one task. Tax administration should be such that even with the widespread introduction of value added tax, this circumstance does not lead to an increase in prices for consumer goods, provided and necessary. By reducing the tax burden, it is necessary to introduce a uniform and fair tax regime for all, and gradually abolish tax benefits. After all, entrepreneurs themselves admit that this benefit negatively affects the competitive environment. Indeed, the state and taxpayers are equally interested in reducing the level of the tax burden of enterprises, establishing an optimal level of tax burden for them and maintaining this amount for a long time. An optimal assessment of the level of the tax burden, on the one hand, stimulates the financial and economic activities of enterprises, and on the other hand, ensures a steady flow of income to the state budget. The conclusion of a large number of tax agreements between the countries of the world has led to the development of a number of generally recognized international standards. The agreements concluded and concluded by Uzbekistan are based on the agreement model developed by the OECD. To date, the Scientific Journal of “International Finance & Accounting” Issue 3, June 2022. ISSN: 2181-1016 3 Republic of Uzbekistan has 50 agreements on the avoidance of double taxation and the prevention of tax evasion on income and capital. Such contracts are related to corporate income tax, personal income tax and property tax. In accordance with article 4 of the Tax Code of the Republic of Uzbekistan, the above-mentioned agreements, as documents of an international nature, have priority over the norms of national legislation. It should be noted that the implementation of the above-mentioned international agreements contributes to the successful integration of the Republic of Uzbekistan into the world community, protects the interests of the country’s economic entities in the international market.
Keywords: Tax burden, foreign countries, investment attractiveness, analysis, tax revenues, tax administration, GDP.