Integration of Azerbaijan's Tax System with the American Tax Model

Tax systems differ in structure, administration, and objectives all over the world.Azerbaijan's tax system is governed by the Tax Code of the Republic of Azerbaijan ( 2016), which outlines the taxation of individuals and businesses, including VAT, corporate taxes, and excise duties.Additionally, presidential decrees such as the 2016 tax reforms focus on improving tax administration and increasing revenue collection efficiency.In contrast, the U.S. tax system is complex, involving federal, state, and local taxation.It operates under a progressive income tax model and includes significant deductions and exemptions, such as the Standard Deduction.The Tax Policy Center describes key elements of the U.S. tax system, including individual income tax, corporate taxation, payroll taxes, and estate taxes. Research Objective:The objective of this research is to explore the integration process of Azerbaijan's tax system with the American tax model and to determine the potential impacts of this model on Azerbaijan's economy. Research Methodology:The research employs a systematic approach and comparative analysis. Practical Significance of the Research:The author conducts a comprehensive study of both international and local tax systems.This research provides practical recommendations for modernizing Azerbaijan's tax system based on key elements of the U.S. tax model. Research Results:The results of the research reflect the key findings related to the modernization of Azerbaijan's tax system based on the main elements of the U.S. tax model. Originality and Scientific Innovation of the Research:The research presents new approaches and recommendations for modernizing Azerbaijan's tax system based on the U.S. tax model.