ANALYSIS OF TAX SYSTEMS IN DEVELOPED COUNTRIES

Bobokeldieva Maftuna Abdusamad qizi

English teacher at Tashkent State University of Economics

Ergashov Ilxomjon Obod o‘g‘li

Associate professor in department of Finance and management at Oriental university

Sultonboyev Maqsud G’ayrat o‘g‘li

Student at Tashkent State University of Economics

Keywords: Tax policy, sustainable tax policy, tax laws


Abstract

It is critical for developing countries to evaluate large nation's tax regimes. This article examines the historical development of tax systems in the United States and other industrialized nations, as well as their earlier failures, key lessons, and the effects of their policies on various scales of economic activities. The essential objectives of this study are to identify components of tax laws in different times and geographic regions of the US, as well as to evaluate their effect on financial stability. The discoveries demonstrate that tax policy impacts a country's economic strength and financial growth. The paper concludes with proposals for fostering a tax structure that is both proficient and sustainable, which can assist governments in achieving economic stability. 


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