tax reforms
Tax reforms refer to changes made to the tax system by a government to improve its efficiency, fairness, and effectiveness. These changes can involve adjusting tax rates, altering tax deductions, or introducing new taxes. The goal is often to increase revenue, stimulate economic growth, or reduce inequality among citizens.
Governments may implement tax reforms in response to economic challenges or public demand for a more equitable system. For example, reforms might aim to simplify the tax code, making it easier for individuals and businesses to understand their tax obligations. Such changes can impact various groups, including individual taxpayers, small businesses, and large corporations.