The article examines tax regulation as a tool for stimulating investment activity in the regions. By defining the concepts of "tax risk" and "tax potential," the author substantiates the need to create a favorable tax environment at the regional level. The study analyzes the impact of tax regulation on enhancing a region's investment attractiveness. It is noted that creating an attractive investment climate requires the tax system to meet two key conditions: an optimal level of the tax burden on the economy and the stability of tax legislation. The role of tax mechanisms in fostering a favorable investment climate in the region is analyzed, using the Sughd Region as a case study. It is argued that the widespread use of tax incentives is not always economically expedient for regional development. Recommendations are formulated for improving tax instruments to enhance the investment attractiveness of regions.
tax policy; tax environment; investment climate; tax activity; tax potential; tax security
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