3(135)/2017

FEATURES OF APPLICATION OF TAX EXPENDITURE AND TAX EXEMPTION IN INTERNATIONAL PRACTICE

Garayev Imran Aliyar oğlu
PhD in economics Training Center Ministry of Taxes of the Azerbaijan Republic


Abstract

Purpose – investigation of analysis peculiarities of tax expenditure and tax exemption in international practice.
Design/methodology – comparative analysis, systemized approach, analysis, synthesis and deduction methods.
Finding – tax exemptions and tax benefits result in tax expenses. This requires taking into account changes in the structure of tax revenues in the forecasting process.
Research limitations – limited sources of quantitative information on tax benefits and exemptions. Lack of research on the impact of tax expenditures on budget revenues.
Practical implication – the practical importance of the study is the possibility of assessing the impact of tax exemptions and benefits on budget revenues in international practice.
Originality/value – the tax exemptions and benefits are considered within the framework of the concept of tax expenditures. Economic essences and features of their application are considered.


Keywords: tax expenses, tax exemption, tax benefits, tax policy.


JEL Classification Codes: E62, H2, H21.


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