კონფერენცია

∘ Mikheil Chikviladze ∘
RADICAL CHANGES IN THE TAX LEGISLATION AND STATE BUDGET

Summary

Effective functioning of economic system in any country highly depends on precise organization of tax system, therefore it is important to create essential conditions for development of tax base through correcting tax rates, that will compliment to increasing of agricultural activities, attracting of investments, raising employment rate etc.

The state should create additional incentives for increasing financial resources. During determining reasonable tax rates, it is necessary to follow optimum, which assumes replenishment of the budget income and remaining portion of income to taxpayers, that will enable them to expand the scale of production and create new jobs.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Mikheil Chikviladze ∘ RADICAL CHANGES IN THE TAX LEGISLATION AND STATE BUDGET Summary Effective functioning of economic system in any country highly depends on precise organization of tax system, therefore it is important to create essential conditions for development of tax base through correcting tax rates, that will compliment to increasing of agricultural activities, attracting of investments, raising employment rate etc. The state should create additional incentives for increasing financial resources. During determining reasonable tax rates, it is necessary to follow optimum, which assumes replenishment of the budget income and remaining portion of income to taxpayers, that will enable them to expand the scale of production and create new jobs.