Vol. 1 No. 3 (2023): Economic development and analysis

This article examines the theoretical and practical aspects of using digital technologies in the analysis of socio-economic development of regions. The indicators of socio-economic development of Namangan region and the dynamics of change trends were analyzed using GIS technologies

The article describes the tax system of the Republic of Uzbekistan, the changes made to the tax legislation. The personal income tax and its change indicators for 2022-2023 were studied by the author. Ways of economic-analytical comparison with the tax system of foreign countries are highlighted.

In the article, research was conducted on the theoretical foundations of logistics and its role in the world economy, comments from the researches of economists were presented, and a conclusion was formed at the end of the topic.

The article states that the methodology of tax administration is an important aspect of any tax system, and its continuous improvement is important in ensuring the effective collection, compliance and fairness of taxes. This article examines the main problems encountered in the methodology of tax administration and suggests a strategy for improvement. In order to solve these problems, several strategies for improving the tax administration methodology are proposed. By addressing these challenges and implementing the proposed strategies, tax administrations can improve their efficiency, encourage voluntary compliance, and optimize revenue collection. The improved methodology of tax administration helps to create a fair and efficient tax system that supports economic growth and sustainable development.

The article sets the urgent task of achieving continuous economic growth in exchange for the liberalization of the economy, modernization of the country, ensuring macroeconomic stability at the current stage of reforms being implemented in our republic. This, in turn, is the basis for achievements in the economy - a market economy, the improvement of forms of ownership, sharp structural changes in the economy, the development of personal affairs and private entrepreneurship also serve to improve the welfare of the population.

The widespread COVID-19 is causing an unusual health emergency worldwide with serious socio-economic consequences. This article explores the impact of widespread COVID-19 on computerized changes and vice versa, a bad habit. In particular, the article gives concrete reflections on whether and how the COVID-19 outbreak accelerates progressive changes in organizations. Most of the findings of this work may be important for new companies and traditional associations that have offered to explore or exploit opportunities in the field of advanced change.

E-commerce is typically portrayed in extremely favorable terms, however there are also possible drawbacks for developing nations. The rate of e-commerce adoption varies substantially from nation to nation in developing nations. However, numerous others encounter comparable barriers to e-commerce. These primarily include a lack of a physical, financial, and legal infrastructure enabling the growth of e-commerce.

The article discusses the impact of Islamic finance on economic changes in the process of achieving economic stability and improving reforms in our country. At the same time, the author expressed his views as one of the most important factors leading to significant and complex changes in the structure, systems and activities of the modern economy, which is one of the most important factors that determine a stable increase in the level of production, competitiveness and general economic well-being. The author further strengthened these views based on the statistics presented by country and year.

This article provides information about the types of taxes available in the tax system of our republic and the methodology, features, and rules of the procedure for determining the tax base, as well as the factors and levers that influence these methods. In addition, the general methods and rules of the procedures for determining the tax base in the world tax system were also highlighted, and comments were made about the general aspects that regulate it in the field of taxation.

To assess the standard of living, the following system of indicators is used: the average wage of employees; the purchasing power of the population based on average wages and pensions; the minimum consumer budget for the main socio-demographic groups of the population; the subsistence minimum, the consumer basket and the structure of consumer spending of various socio-demographic groups of the population. The level of income, including wages of the population, is associated with the social well-being of the family. Depending on the level of income, a person achieves a certain goal: survival, material prosperity, development.

The article examines the essence of digital assets and their types, the role of the development of digital technologies, analyzes the main advantages and risks associated with the introduction of digital assets into circulation, draws conclusions and proposals for the effective development of the banking system in the context of further digitalization of the economy.

The problem of banking monopoly in the financial services markets is an important issue facing the economy of Uzbekistan. This problem is exacerbated by the problems of state participation in the formation of the capital of commercial banks, the lack of inter-industry competition between the securities market, etc. This article discusses some areas of work to overcome monopolism, provide conditions for the formation and development of fair competition in the financial services markets of Uzbekistan.

The article examines theoretical approaches to the labor market in the process of the digital economy, and analyzes the opinions of scientists from foreign countries. In addition, during the formation of the digital economy, the development of the youth labor market, the positive and negative consequences of digitization in the field of labor, professions that are in declining demand and professions that are in demand in the labor market due to digitization are discussed.

This article covers a wide range of reforms aimed at creating favorable conditions for conducting business activities in the tax and financial spheres in the country in recent years, improving the investment climate and further strengthening the trust of business circles. Extensive introduction of modern information and communication technologies and advanced automated methods of analysis into the tax administration process has been carried out to provide comprehensive assistance to taxpayers in the implementation of tax obligations and to develop impressive mechanisms for the Prevention of tax offenses and to analyze tax risks and assess the results, Foreign experience of tax-analysis has been studied, scientific and practical conclusions and proposals.

The recent tax reforms in Uzbekistan have had a positive impact on the country's economic growth by encouraging investment, increasing consumption, developing entrepreneurship, increasing competitiveness, attracting foreign direct investment, encouraging the formalization of the informal sector, generating income for public investment and developing public investment. Through an in-depth analysis of tax reforms and their impact on various economic indicators, this study provides valuable insights into the role of tax policy in promoting economic growth in Uzbekistan.

In this article, we reviewed the current state of factoring practice using the example of the Uzsanoatkurilishbank, one of the largest banks in our country. Conclusions and suggestions were made based on a thorough analysis of existing problems, achievements, and shortcomings in the practice of factoring.

In developed countries, by improving the practical foundations of the credit mechanism, the role of commercial banks in the development of the real sector of the economy, in ensuring the efficiency of the use of loans, and in the development of bank lending activities on the basis of innovations is ensured.
The article reveals urgent problems related to the improvement of the practical foundations of the credit mechanism and develops scientific problems aimed at solving these problems.

The tax administration plays an important role in the formation of a competitive environment for business entities in the Republic of Uzbekistan. Issues of improving tax administration and its impact on creating a more favorable and competitive business environment will be discussed. It emphasized the importance of effective tax administration in attracting investments, encouraging entrepreneurship, and providing equal conditions for business entities. The need for simplification of tax procedures, transparent tax policy and effective implementation has been shown to create a favorable environment for business. It concludes with a proposal for a collaborative effort between governments, tax authorities and businesses to address these challenges and achieve competitive advantage in the global marketplace.

This article analyzes the features of the application of international financial reporting standards in commercial banks, the nature and content of the international standard in banks, the analysis of interpretations of the international standard in various scientific publications, the features of the methodology of using some international standards in banks and transformational in the optimal variant is expressed. As a result of the research, the author expressed his opinion on the application of international financial reporting standards in commercial banks and developed recommendations.

This article reveals for the first time the application of international standards of financial reporting in joint-stock companies, its peculiarities. In this, for the first time, special features are revealed in the process of applying international standards. Including for the first time, recommendations have been developed to organize aspects of the formation of financial statements, its specific aspects, reporting on financial status, reporting on profits and losses on the basis of the decision of the president of the Republic of Uzbekistan "on additional measures for the transition to International Financial Reporting Standards" of February 24, 2020, PQ-4611.

The article states that tax authorities can improve their ability to detect possible tax evasion, ensure fair and equitable taxation, and ultimately contribute to the overall efficiency of the tax system by improving the practice of monitoring counterparties and taxpayers' activities. In many cases, taxpayers may provide incorrect or incomplete information, which makes it difficult for tax authorities to verify the authenticity of transactions and identify possible tax evasion schemes. Solving these problems requires the implementation of measures to improve the practice of monitoring the activities of taxpayers, whose participation in the audit of counterparties and tax monitoring.

This article examines the role of appraisal organizations in the appraisal of real estate appraisal reports, the main types of appraisals related to real estate, and the presentation of appraisal conclusions in accordance with the requirements of the national property appraisal standard. At the same time, the current state of real estate appraisal reports in Uzbekistan was analyzed and the quality of appraisal reports was assessed. A scientific proposal and practical recommendations for improving the real estate appraisal report were formulated.

This article presents the features of the application of the international standard for fixed assets in commercial banks, the content of accounting for fixed assets in banks, definitions, the concept analyzed in various scientific publications, the methodology of using the international standard for fixed assets. The application of the IFRS standard No. 16 "Fixed assets" in the practice of accounting for fixed assets in commercial banks of the Republic of Uzbekistan is considered. Accounting accounts describe in detail the order of their organization and reflection in the financial statements. As a result of the conducted research, an opinion was formed on the accounting of fixed assets in commercial banks and the organization of accounting, as well as recommendations for their improvement were developed.

The article examines the current trends in the development of the digital economy and its impact on economic growth in the context of globalization. Many scientific studies are being conducted on improving the structure of the economy of regions in the context of globalization and international competition in the world, as well as the expansion of digitization processes. Development of modern methodological approaches to the development and support of advanced regions, rapid development of industries based on high technologies, reduction of social gaps between all regions, regulation of population employment and standard of living, widespread introduction of the policy of decentralization of the management system, implementation of structural changes in regions and assessment of the impact of socio-economic and ecological systems and digital technologies on ensuring sustainable economic growth is one of the priority directions of scientific and research work in this regard.

The article states that taxation of individuals is an important aspect of any tax system, as it directly affects the financial well-being of citizens and plays an important role in revenue collection for governments. There are several challenges and challenges associated with taxing individuals to ensure an efficient and fair tax system. This article examines key issues related to personal taxation, and examines tax evasion and tax planning strategies used by high net worth individuals. By studying the experience of different countries and relevant literature, it provides insights and suggestions for achieving a more efficient and fair tax system for individuals.

The article deals with the issues of harmonization with international financial reporting standards, the solution of organizational issues of accounting for securities and the organization of audits based on international financial reporting standards.

The analysis of transfer pricing methods and the possibilities of applying them to the activities of business entities is the most important task of ensuring the fairness and transparency of cross-border transactions between related parties. The introduction of effective transfer pricing methods will prevent tax evasion and ensure a fair distribution of tax liabilities between related enterprises. However, it can also be challenging and requires additional resources and expertise to properly apply the methods and comply with tax laws.

This scientific article examines the current state of e-commerce development in Uzbekistan. As a result of the research, modern methods of e-commerce (multi-channel purchases, robotics and artificial intelligence, use of machine learning algorithms) and the problems and opportunities of their application in the country were studied.

The study aims to study the theoretical foundations of strategic planning as a means of achieving sustainable growth in the regional economy. This study aims to add valuable insights into the theoretical foundations of strategic planning in sustainable regional economic development. On the example of Uzbekistan, proposals and recommendations were formulated on the existing problems, solutions and solutions.

Annotation: the article shows the importance of the indicator of tax burden, the importance of tax policy in the formation of economic behavior and results in Uzbekistan. They are studied in such a way that high tax rates, complex rules and low tax ethics are a serious obstacle to entrepreneurial activity and development, and scientific conclusions and proposals are formulated and directions for calculating the tax burden are envisaged.
We report the results of a survey experiment aimed at checking whether the creation of taxpayer benefits on how to distribute taxes collected on national public goods, as well as providing information on the composition of government spending, affects the tax rate that taxpayers consider sufficient to pay. We determine that the data does not have any effect on the level of the corresponding tax rate. However, taxpayers are willing to accept a higher tax burden when they express their preference for how to use tax revenues to fund public goods and services.

In this article, tax administrations are being digitized with a diverse and complex range of electronic services to enhance the experience of taxpayers. Nevertheless, given the high downtime of e-government services, understanding the factors necessary for the success of the digital tax system is considered very important. The conceptual framework defines fifteen topics for consideration by policymakers in the design of digital services in tax administrations divided into four categories – context, stakeholders, technology, and demonstrated outcomes. This framework should also serve as a reference point in the successful development of strategies and measures to place digital services in tax administrations. Foreign experience of the digital tax administration, scientific and practical conclusions and proposals on its application have been formulated in our country.

Human capital, human rights, gender equality and sustainable development are a chain of interrelated issues that are relevant today. Gender equality is important in itself, it is also reflected in the role of women in the development of society and the strong influence of human potential on labor productivity. This article analyzes issues related to ensuring gender equality, improving the position of women in the labor market, continuing the policy of increasing the socio-political activity of women, and based on these analyzes, conclusions and suggestions are formulated.

In the article, research was conducted on issues of taxation in the support and development of reliable business entities, researches of economists were studied within the scope of the topic, and conclusions and recommendations were formed at the end of the topic.

In this article, an attempt was made to evaluate the economic and theoretical aspects of the Coase theorem, an analysis of its mechanisms for taxation of the result of environmental losses, the procedure for its application to prevent negative environmental situations, and the impact on the economy of developing countries. The problems were studied by applying Coase's theorem, and scientifically based conclusions and suggestions were given accordingly.

This scientific article examines the development evolution, conceptual apparatus and conceptual recovery of the digital economy in the modern era. According to the results of the conducted research, it was explained the need to consolidate business processes on electronic platforms for the development of the digital economy in the modern era, to implement the sale and purchase process with a set of technical, technological, legal, organizational, and informational services that make up this virtual business environment.

The article examines the development and improvement of banking activities in the context of diversification, identifies the priority directions of development of the banking services market. The directions of improving their elements and mechanisms of the banking services market are substantiated, the characteristic features of the development of banking activities and their impact on the social and economic development of the Republic of Uzbekistan are highlighted and described.

This article deals with the widespread introduction of modern information and communication technologies and advanced automated methods of analysis in the process of tax administration, comprehensive assistance to taxpayers in the fulfillment of their tax obligations, the development of effective mechanisms for the prevention of tax offenses and the introduction of modern methods of tax control, most importantly, it serves to reduce conspiratorial activities in the economy and increase the level of transparency. In this direction, a study was made of ways to improve the activities of tax authorities and evaluate their effectiveness, within the framework of the study, conclusions and proposals were formed.

The article examines the development evolution of family business based on a historical approach according to periods. In it, the socio-economic nature and research directions of family entrepreneurship are studied according to the first stages of formation and development. Also, the role of the family in the supply of resources, its income, consumption and savings behavior, and its interaction with the state are revealed in the economy. On this basis, directions for expanding the theories of family business development are proposed.

The article explores the theoretical foundations of the concept of financial stability of banks. It also includes corresponding conclusions based on the analysis of external and internal factors affecting the financial stability of commercial banks.

The article examines important issues related to the improvement of excise tax administration. Excise tax plays an important role in the formation of state revenues and regulation of consumption of certain goods and services. Analyzes issues and suggests potential solutions to enhance excise tax collection, streamline administrative processes and ensure compliance. By addressing these issues, countries can optimize excise tax revenues and achieve better fiscal and regulatory outcomes.

The article discusses ways to improve the quality of human capital and training of professional personnel in the context of innovative development, the formation of a national concept of the level and quality of life, which has clear goals that meet the urgent problems of our time. Recommendations are given for creating conditions for improving the quality of higher education and changing the institutional environment as a factor contributing to the well-being of people.

Tax reforms aimed at creating a fair, transparent, long-term and international tax system in the Republic are economically and legally based and are convenient and beneficial for taxpayers. First of all, the legal basis for guaranteeing the activities of business entities and investors in the tax field was created, and the new tax concept, the Tax Code and more than 150 laws, decrees, decisions and other regulatory documents were adopted. In order to create a level playing field, more than 80 different tax incentives have been canceled. The practice of granting individual benefits has been abandoned. This article describes ways to improve taxation of business entities and problems.