Environmental Tax Reforms and Their Impact On Business Sustainability

Authors

  • Yulduz Juraqulovna Haqnazarovna Assistant, Department of “Investments and Innovations”, Samarkand Institute of Economics and Service
  • Rakhmatov Asadbek Student of Samarkand Institute of Economics and Service

Keywords:

environmental taxation, tax reform, business sustainability, green economy, carbon tax, fiscal policy, environmental regulation, enterprise performance, green investment, sustainable development

Abstract

Environmental tax reforms have become a key policy instrument for achieving sustainable business development in modern economies. This study investigates the impact of environmental tax reforms on business sustainability, focusing on how fiscal instruments influence corporate behavior, environmental performance, and long-term economic stability. The research uses a comparative analytical approach based on international and national policy frameworks. The findings indicate that environmental tax reforms significantly improve business sustainability by encouraging resource efficiency, reducing emissions, and promoting green investment. However, the effectiveness of these reforms depends on institutional capacity, regulatory enforcement, and business adaptation levels. The study highlights that well-structured environmental taxation systems can balance economic growth with ecological protection, ensuring sustainable development in both developed and emerging economies.

References

[1] United Nations, Climate Change Report, 2023.

[2] OECD, Environmental Taxation Trends, Paris, 2021.

[3] World Bank, State and Trends of Carbon Pricing 2022, Washington DC, 2022.

[4] UNDP, Sustainable Business Development Report, 2022.

[5] IMF, Fiscal Policies for Climate Change, 2021.

[6] Swedish Environmental Agency, Carbon Tax Report, 2020.

[7] Asian Development Bank, Green Economy Transition Report, 2022.

[8] Government of Uzbekistan, Green Economy Strategy 2030, Tashkent, 2019.

[9] A. C. Pigou, The Economics of Welfare, 1932.

[10] D. Fullerton, “Environmental taxation theory,” 2019.

[11] T. Sterner, Policy Instruments for Environment, 2012.

[12] OECD, Environmental Tax Database, 2023.

[13] World Bank, Carbon Pricing Report, 2022.

[14] M. Porter, “Competitive advantage and environmental regulation,” 2019.

[15] UNEP, Green Fiscal Reform in Developing Countries, 2021.

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Published

2026-05-09

How to Cite

Juraqulovna Haqnazarovna, Y., & Asadbek, R. (2026). Environmental Tax Reforms and Their Impact On Business Sustainability. Web of Scholars : Multidimensional Research Journal, 5(2), 185–188. Retrieved from https://journals.innoscie.com/index.php/wos/article/view/238

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