The Role of Tax Planning for Senior Taxpayers in Increasing Tax Revenues

Abstract

The importance of the research comes from the importance of tax policy, which is one of the tools that works on...Achieving economic, financial, and social goals and improving the country’s investment environment will help it become more capable of stimulating the wheel of the national economy. The research started from the problem of (Does tax planning practised by senior taxpayers affects the tax base in the long term by benefiting from cash savings, expanding various activities, or creating new projects, which... It is reflected in the tax base and thus increases tax revenues). At the same time, the research hypothesis stated that tax planning practised by senior taxpayers contributes to encouraging entry into new projects that are directly proportional to tax revenues in the long term. The research aims to clarify the concept of tax planning, its importance, strategies and the extent of its contribution to policy-making. Expansion of investment and the research resulted in several conclusions, the most prominent of which is that the senior taxpayers in the research sample agreed that the tax savings obtained through tax planning are a significant factor in determining the economic position of the state in the short term and the main reason for economic growth in the long term, which is the reason for creating... New job opportunities, pumping production and services, transferring technology, and increasing exports. As a result, this is reflected positively in these companies' contribution to the economy's growth and increasing tax revenues in the future.