Optimal Taxation of Banks in Financial Sector Regulation in Uzbekistan: Practical Approach

Odiljon Komolov


Global financial crisis made most of advanced and developing economies review and re-examine the relevanceof fiscal and banking policy regimes. Existing fiscal gap and financial market disorders led to the introduction ofnew taxes and mandatory fees for banks for double edged reasons – bridging the fiscal gap and bank capitalregulation. In a harsh economic condition most banks required the governments to rethink the taxation policy forfinancial institutions. Most policymakers and researchers are devising diverse proposals on optimal taxationwhich meet the needs of both parties. This paper studies the international bank taxation policies and recentdevelopment, and examines the opportunities of introduction of optimal taxation for banks in banking system ofUzbekistan.Keywords: taxation for banks, optimal taxation, tax position, multiple taxation method, Uzbekistan

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ISSN (Paper)2222-1697 ISSN (Online)2222-2847

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