THE SOCIAL TAX MECHANISM IS REGRESSIVE, FINANCIAL STATEMENTS OF THE TRANSFER IMPACT ON RELIABILITY AND STABILITY OF THE TAX BASE

Abstract

The article analyzes the negative impact of the proportional social tax mechanism currently in force in the Republic of Uzbekistan on the reliability of financial statements of business entities. The study scientifically substantiates the theoretical foundations, economic feasibility and practical effectiveness of the transition of social tax to a regressive mechanism. Scientific conclusions are formulated on the incentive effect of the regressive social tax mechanism on the formalization of the payroll fund, the expansion of the tax base and the reduction of the share of the shadow economy.