Image for tax policy reforms

tax policy reforms

Tax policy reforms involve changing how taxes are collected or used to improve economic fairness, promote growth, or increase government revenue. These can include adjusting tax rates, expanding or limiting certain deductions, or creating new taxes. Such reforms aim to make the tax system more efficient, equitable, and aligned with national goals. They can impact individuals, businesses, and the economy by influencing spending, investment, and public services. Overall, reforms seek a balanced approach that funds essential government functions while supporting economic stability and fairness.