tax law reform

Tax law reform refers to changes made to the rules governing how taxes are assessed, collected, and managed by governments. The goal of reform is often to improve fairness, efficiency, and economic growth. This can involve adjusting tax rates, closing loopholes, broadening the tax base, or introducing new types of taxes. Reforms aim to simplify the tax code, make it easier for individuals and businesses to comply, and ensure that everyone pays their fair share. Ultimately, effective tax law reform seeks to balance government revenue needs with economic incentives for growth and investment.