TAX POLICY AS A CATALYST FOR GREEN SERVICES: EVALUATING THE IMPACT OF ENVIRONMENTAL TAX INCENTIVES ON SERVICE SECTOR GROWTH IN UZBEKISTAN
DOI:
https://doi.org/10.55640/Keywords:
green economy, tax incentives, environmental taxation, services sector, Uzbekistan, sustainable development, fiscal policy, green transition, tax reform.Abstract
This article investigates how environmental tax incentives introduced under Uzbekistan’s 2024 Tax Code reform influence the development of environmentally sustainable services—a key pillar of the national green economy strategy. Using empirical data from 2022 to 2025, the study analyzes the correlation between tax relief (e.g., reduced VAT, corporate income tax deductions, and property tax exemptions) and the growth of green service enterprises in sectors such as eco-tourism, green IT, energy auditing, and waste management consulting. The research employs a mixed-methods approach combining statistical regression, policy analysis, and case studies. Findings reveal that businesses benefiting from green tax incentives experienced, on average, 23% higher revenue growth and 18% greater investment in sustainability compared to non-beneficiary firms. The study introduces a novel analytical framework—the Green Tax Responsiveness Index (GTRI)—to measure how effectively tax policy translates into real economic and environmental outcomes. The results confirm that well-designed tax incentives are not merely fiscal concessions but strategic tools for accelerating green transformation in the services sector. The article concludes with policy recommendations for enhancing targeting, transparency, and accessibility of green tax benefits.
References
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