ВОПРОСЫ ЭЛАСТИЧНОСТИ НАЛОГОВОЙ СИСТЕМЫ АЗЕРБАЙДЖАНА В УСЛОВИЯХ ГЛОБАЛИЗАЦИИ

Abstract

The article presents materials of theoretical and empirical research on important elements and components of the state regulation system, in particular, on the country’s tax system. The main functions and significance of the elements of the country’s tax system, and their effectiveness in increasing the transparency of tax mechanisms are considered. Attention is drawn to the theoretical and methodological foundations and approaches to the formation of an adequate tax policy of the country, taking into account globalization and new challenges. The coefficient of elasticity of taxes in Azerbaijan for 2010-2018 was calculated, reflecting the degree of dependence of income from taxes in relation to changes at the macroeconomic level and associated with the efficiency of the functioning of the entire state as a whole. The importance of improving the existing approaches and principles of state regulation in the direction of improving the mechanisms of the tax system is substantiated. The need to update the existing fiscal instruments, taking into account the priority goals and objectives of the country’s tax strategy, was emphasized. The importance of accelerating targeted measures to ensure maximum transparency of the tax environment is disclosed and argued. The principal approaches and criteria for increasing the responsibility of taxpayers have been studied and summarized. Possible directions of ensuring the growth of tax revenues to balance the income and expenditure side of the country’s budget are analyzed. A number of important criteria for stabilizing the economy through tax mechanisms are noted: diversification of the tax base; modernization of practiced fiscal mechanisms and instruments; improvement of fiscal components in accordance with new challenges. The study examined the key issues of increasing the efficiency of government regulation in the tax area. The priority tasks of the fiscal authorities and the importance of strengthening the activities of the country’s tax services in the context of the global coronavirus pandemic are described. Suggestions and recommendations were given on the issues of improving the tax system of Azerbaijan in modern conditions.