ASSUMPTIONS OF STATE TAX POLICY

Abstract

The article addressed the issues of tax policy, focusing on its effectiveness. Through an interdisci-plinary analysis of data, an assessment was made of the impact of tax policy on economic develop-ment, income redistribution, and the growth of the state's investments. The influence of tax policy on the level of business activity, innovation, and employment growth, alongside budgetary expendi-tures, constitutes one of the key instruments of the state's fiscal policy. In the context of global chal-lenges and threats, it is essential to analyze the impact of tax policy on shaping international rela-tions and attracting foreign investments. The aim of the article is to identify potential areas for optimizing tax policy that could contribute to increased economic efficiency. It also addresses the balance between the need to raise public funds and minimizing negative effects on entrepreneurship and economic development. The conclusions drawn from the article aim to provide recommendations for policymakers regarding potential tax reforms. The author emphasiz-es the need for flexibility and adaptation of tax policy to dynamic changes in the international envi-ronment.