Tax Reforms

Tax reforms refer to changes made to a country's tax policies to improve the efficiency, fairness, and effectiveness of the tax system. This can involve adjusting tax rates, broadening the tax base by reducing exemptions, or simplifying the filing process. Often, reforms aim to stimulate economic growth, increase government revenue, or address inequalities. Tax reforms can be controversial, as they may benefit some groups while disadvantaging others. Ultimately, they are intended to create a more sustainable and equitable way for governments to collect revenue and fund public services.