A meeting with Dr. Arthur Laffer takes place at the Ministry of Finance
Tashkent, Uzbekistan (UzDaily.com) -- On 12 June, the Deputy Finance Minister held a meeting at the Ministry of Finance with the economic adviser to the US government, a professor at the universities of South Carolina and Chicago, Arthur Laffer.
Dr. Arthur Laffer is an economist from the USA, studied at Yale University, is a Ph.D. at Stanford University, a professor at the University of South Carolina and the University of Chicago. He gained worldwide fame during the presidency of Ronald Reagan, and really became famous thanks to the “Curve of Laffer” (which is a pattern of the influence of tax rates on tax revenues to the state budget). He was an economic adviser to R. Reagan (40th President of the United States), as well as the British Prime Minister M. Thatcher. Also Laffer was among the famous "Chicago boys" who carried out the liberalization of the Chilean economy (at the invitation of A. Pinochet).
During the meeting, the parties discussed issues of tax policy and building a balanced and cost-effective fiscal policy. In particular, such important components of tax policy as the tax base, corporate tax, property tax and mineral resources along with the basic global tax principles were examined in detail.