taxation reforms

Taxation reforms involve changes to the way governments collect taxes to improve fairness, efficiency, or revenue. These reforms may include adjusting tax rates, broadening or narrowing tax bases, introducing new taxes, or simplifying existing laws. The goal is to create a system that supports economic growth, ensures public services are funded, and reduces loopholes or inequalities. Effective reforms balance generating adequate revenue with minimizing burdens on citizens and businesses, fostering a fair and sustainable tax environment.