Author(s): Chor Suksonghong
Tax reforms are a cornerstone of effective economic governance, providing governments with the financial resources necessary to fund infrastructure, social services, and development programs. Revenue mobilization through an efficient and equitable tax system is critical for sustainable growth, particularly in developing economies where fiscal gaps often hinder progress. Tax reforms aim to broaden the tax base, improve compliance, and ensure fairness in the distribution of the tax burden. However, challenges such as tax evasion, weak administrative capacity, and overreliance on indirect taxes remain obstacles. This article examines the role of tax reforms in revenue mobilization, exploring global experiences, opportunities, and challenges, and highlights pathways to achieving inclusive and sustainable growth.