FEATURES OF TAX INCENTIVES PROVIDED FOR THE DEVELOPMENT OF SMALL BUSINESSES IN FOREIGN COUNTRIES

Abstract

Small business development is one of the most important areas for solving economic and social problems, since small businesses contribute significantly to employment and the formation of a competitive environment, quickly adapt to external conditions and have the ability to quickly respond to market needs, resume production and change the final product based on demand for it. Today, small businesses serve not only as an important element of the structural transformation of the economy, taking into account the development characteristics of the regions, but also as a source of increasing revenues to local budgets.