TYPES OF TAXES AND THEIR ROLE IN THE FORMATION OF THE STATE BUDGET
Keywords:
direct and indirect tax, income tax, VAT, land tax, property tax, excise, local duties, GDP, total tax revenues, corporate tax, financial development, tax policy, tax system, budgetary policyAbstract
This article provides information about the fact that taxes are the main source of the state budget and their types, history of origin and application. The importance of direct and indirect taxes and the opinions of scientists on this topic are discussed, in addition, the share of revenue from each type of tax in developed countries and the tax system are also discussed. If taxes are collected effectively and properly systematized, it will be easier to achieve economic freedom and stability, but if they are applied incorrectly, it can lead to various negative consequences. The interdependence of the state budget and taxes and the fact that the main financial source is tax revenue, even the necessary social assistance to citizens is at their expense, is demonstrated throughout the article.
References
1. Voroshilo, V. V. 2017. "Analysis of the Impact of Direct Taxation on the Formation of Budgets in Foreign Countries." Scientific Bulletin: Finance, Banks, Investments, no. 4. https://www.elibrary.ru/item.asp?id=30737409.
2. Grinyuk, R. M. "Functions and Principles of Direct Taxation of Business Structures: Theoretical Aspect."
3. Niyazmetov, I. M., and S. A. G’iyosov. Soliq Nazariyasi va Tarixi.
4. Shamsutdinov, F. Sh., and Sh. F. Shamsutdinova. Chet Mamlakatlar Soliq Tizimi.
5. Malikov, T., and O. Olimjonov. "The Division of Taxes into Direct and Indirect Based on the Object of Taxation and the Relationship Between the Taxpayer and the State."
6. Loret, Maurice. 1954. Value-Added Tax: A Concept for Taxation.
7. OECD. "Types of Taxes and Their Role in Government Revenue." Organization for Economic Co-operation and Development.
8. World Bank. Tax Revenue (% of GDP) – United States and Other Countries. World Bank Open Data 2024.
9. Keen, Michael. “Taxation and Development – Again.” International Monetary Fund.
10. Slemrod, Joel, and Christian Gillitzer. Tax systems. Cambridge, MA: MIT Press, 2014.
