tax reform initiatives

Tax reform initiatives involve changes to the way taxes are collected and managed, aiming to improve fairness, efficiency, and economic growth. They may include adjusting tax rates, broadening the tax base, closing loopholes, or simplifying the tax code to make compliance easier. The goal is to ensure that individuals and businesses pay their fair share while promoting economic stability and encouraging investment. These reforms can also seek to reduce inequalities and fund public services more effectively. Overall, tax reform aims to create a more equitable and sustainable tax system that supports national priorities and economic health.