Legal regulation of financial policy A comparative study between the tax system in developing and developed countries

Abstract

The concept of fiscal policy refers to the tools a state uses to adjust spending levels and tax rates to monitor and control the economy. Most of the interest of the classical theory In public finance was focused on searching for public revenues In order to cover public expenses without increasing or decreasing one over the other. Thus, this idea served the free economic thought that was prevalent before World War I. Also, the comparative study of the tax system In developing and developd countries, it includes analyzing various legal regulations related to fiscal policy, including income taxes, corporate taxes, sales taxes, real estate taxes, and others. This study can also includeincludee analysis of public financial policies such as budgeting and debt management. This is what we will discuss in the research.

Changing role of the stateWith the change in the role of the state in economic and social life, its intervention in various economic activities and the use of financial tools to achieve its goals has increased. State objectives: The impact of the general budget on the national economy varies according to the various objectives of the state, such as increasing economic growth, reducing disparity in income distribution, and improving production efficiency. Use of financial means: Public finance studies how the state uses financial means and methods such as public revenues and public expenditures to achieve the goals of society in its various economic, social, and financial directions.