IMPROVING THE COMPETITIVE ENVIRONMENT THROUGH TAXES

Abstract

This abstract Improving the competitive environment through taxes is a key objective for governments seeking to foster economic growth and attract investment. This abstract provides an overview of various strategies and measures that can be implemented to achieve this goal. Firstly, simplifying tax systems and reducing complexity can enhance the competitiveness of businesses. This can be achieved by streamlining tax procedures, reducing administrative burdens, and ensuring clarity in tax regulations. By making tax compliance easier and more straightforward, businesses can focus on their core operations and become more competitive. Furthermore, providing support and education to taxpayers can improve their compliance with tax obligations. Offering assistance, guidance, and resources to businesses helps them navigate the complexities of tax administration, reduces errors, and fosters a culture of compliance. In addition, leveraging technology and digitalization can enhance competitiveness. Implementing online tax filing systems, electronic payment options, and automated tax processes can streamline tax administration, reduce paperwork, and increase efficiency for businesses. Overall, improving the competitive environment through taxes requires a comprehensive and holistic approach. Governments need to continuously assess and update their tax policies, streamline processes, provide support and education, embrace digitalization, and foster collaboration. By doing so, they can create an enabling environment that promotes competitiveness, drives economic growth, and attracts investment.