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

Аннотация

Global financial crisis made most of advanced and developing economies review and re-examine the
relevance of fiscal and banking policy regimes. Existing fiscal gap and financial market disorders led to the
introduction of new taxes and mandatory fees for banks for double edged reasons – bridging the fiscal gap
and bank capital regulation. In a harsh economic condition most banks required the governments to rethink
the taxation policy for financial institutions. Most policymakers and researchers are devising diverse
proposals on optimal taxation which meet the needs of both parties. This paper studies the international
bank taxation policies and recent development, and examines the opportunities of introduction of optimal
taxation for banks in banking system of Uzbekistan.