THE IMPORTANCE OF TAXES IN ECONOMIC REGULATORY MECHANISMS

Abaslı Vasila Rafik

The tax mechanism of economic regulation is a more effective instrument than others and performs a wide range of functions in the country's economy. Economists group differently the functions of taxes as a mechanism of economic regulation. Formation of the function of taxes has ancient historical roots. From time immemorial, progressive heads of state understood that taxes and the tax system should be not only a tool for filling the state budget, but also an instrument for regulating the country's economy. This feature of taxes becomes more and more relevant as the state structure, the world economy, economic relations and economic systems develop. The article explores the basics of using the mechanisms of the state's economy and tax regulation. But here, both theoretical and practical aspects of the study. Deals with the development and characteristics of the tax system. Also attention is paid to the improvement and proper use of tax mechanisms.

Keywords:economic regulation, taxation mechanisms, principles, practical aspects.