Meetings with corresponding members of the Azerbaijan National Academy of Sciences (ANAS) within the framework of the “Science Month” continue in UNEC.

The next meeting on October 24 was with Professor Akif Musayev. Professors, lecturers, young researchers and masters were attended at the meeting.

Corresponding member of ANAS, professor Akif Musayev made a report on “Tax policy and economic development”. Speaking about the importance of proper tax policy for integration of the country’s economy into the world economic space, professor A. Musayev underlined that the tax system, which meets the most modern requirements in Azerbaijan, was created under the leadership of National Leader Heydar Aliyev. The tax policy and tax system, which is an integral part of the concept of economic policy, have been built on the basis of modern standards. The economist scientist pointed out that the simplified tax system since 2001 serves the development of small businesses and the overall economy of the country as a result of the tax policy pursued by President Ilham Aliyev. He noted that one of the main tasks facing tax policy is the financing of public spending.

A.Musayev talked about the issues of tax adjustment, determination of the optimal tax level rates and tax burden, tax and privileges, prevention of the tax evasion. He analyzed the impact of devaluation influence ways to the tax revenues and the country’s tax income dependence on oil with mathematical formulas.

At the end of the meeting, professor Akif Musayev was awarded with Honorary Decree for his presentation on “Tax policy and economic development” at the UNEC Science Forum.