US AND JAPANESE TAX SYSTEMS

Abstract

This article explores the tax systems of the United States and Japan, highlighting their key features, similarities, and differences. It examines how each system is structured, including individual and corporate tax rates, tax bases, compliance requirements, and the role of tax incentives. The article also discusses the socio-economic impacts of these tax systems on their respective populations and economies, as well as recent reforms and trends in taxation. By comparing the two systems, the article aims to provide insights into how cultural, political, and economic factors shape taxation policies and their effectiveness in achieving revenue generation and equity