Join with a free account for more service, or become a member for full access to exclusives and extra support of WorldSupporter >>
Tax law is a complex and ever-evolving field that governs the legal aspects of how governments collect taxes from individuals, businesses, and other entities. Tax law focuses on the legal framework surrounding taxes, including:
- Tax codes: The complex body of statutes, regulations, and rulings that define taxable income, tax rates, and filing requirements.
- Tax compliance: Ensuring taxpayers accurately report their income and pay their fair share.
- Tax planning: Strategies for minimizing tax liability within the legal boundaries.
- Tax controversy: Resolving disputes between taxpayers and government taxing authorities.
What are the main features of tax law?
- Dynamic Nature: Tax laws are constantly changing due to legislative updates, court rulings, and evolving economic conditions.
- Specificity: Tax rules are often highly detailed and specific, creating a need for precise interpretation and application.
- Balance: Tax law aims to achieve a balance between raising revenue for the government and promoting economic fairness and growth.
What are important sub-areas in tax law?
- Federal vs. State & Local Taxation: Understanding the different layers of tax authorities and their specific regulations.
- Income Taxation: Focusing on how income from various sources (wages, investments, etc.) is taxed.
- Business Taxation: Addressing the tax implications for corporations, partnerships, and other business structures.
- International Tax Law: Dealing with the complexities of taxation across borders.
- Employee Benefits & Estate Planning: Examining tax considerations for retirement plans, inheritance, and gifting.
What are key concepts in tax law?
- Taxable Income: The portion of income subject to taxation after deductions and allowances.
- Tax Rates: The percentage of taxable income owed in taxes.
- Tax Basis: The value used to determine taxable gain or loss when selling an asset.
- Deductions & Credits: Allowances that reduce taxable income or directly lower tax liability.
- Tax Havens: Jurisdictions with low or no taxes, raising legal and ethical considerations.
Who are influential figures in tax law?
- Adam Smith: 18th-century economist whose writings on taxation principles continue to influence tax policy.
- Louis Brandeis: U.S. Supreme Court Justice known for his "Brandeis Brief" advocating for strong legal arguments backed by evidence.
- Joseph A. Pechman: American economist who made significant contributions to tax policy analysis.
Why is tax law important?
- Tax law ensures a steady flow of revenue for the government to fund essential services like infrastructure, education, and social programs.
- It promotes fairness and accountability by requiring everyone to contribute to the public good according to their means.
- Tax law also plays a role in shaping economic behavior, incentivizing investment, and discouraging harmful activities.
How is tax law applied in practice?
- Tax lawyers advise individuals and businesses on optimizing their tax positions and complying with tax regulations.
- They represent clients in disputes with tax authorities, such as audits or challenges to tax assessments.
- Tax law plays a crucial role in mergers and acquisitions, real estate transactions, and other business deals with significant tax implications.
Law and administration: The best concepts summarized
Law and administration: The best concepts summarized
A short introduction to the best concepts of law and administration: From administration to trade law
Law and public administration - Theme
Summaries, internships, tips and tools for study and work in law and public administration
Definitions, Jurisprudence, Stories, Subjects, Study assistance,
- Lees verder over Law and public administration - Theme
- 12237 keer gelezen
- 1 of 1913
- volgende ›
JoHo can really use your help! Check out the various student jobs here that match your studies, improve your competencies, strengthen your CV and contribute to a more tolerant world
Online access to all summaries, study notes en practice exams
- Check out: Register with JoHo WorldSupporter: starting page (EN)
- Check out: Aanmelden bij JoHo WorldSupporter - startpagina (NL)
How and why would you use WorldSupporter.org for your summaries and study assistance?
- For free use of many of the summaries and study aids provided or collected by your fellow students.
- For free use of many of the lecture and study group notes, exam questions and practice questions.
- For use of all exclusive summaries and study assistance for those who are member with JoHo WorldSupporter with online access
- For compiling your own materials and contributions with relevant study help
- For sharing and finding relevant and interesting summaries, documents, notes, blogs, tips, videos, discussions, activities, recipes, side jobs and more.
Using and finding summaries, study notes en practice exams on JoHo WorldSupporter
There are several ways to navigate the large amount of summaries, study notes en practice exams on JoHo WorldSupporter.
- Use the menu above every page to go to one of the main starting pages
- Starting pages: for some fields of study and some university curricula editors have created (start) magazines where customised selections of summaries are put together to smoothen navigation. When you have found a magazine of your likings, add that page to your favorites so you can easily go to that starting point directly from your profile during future visits. Below you will find some start magazines per field of study
- Use the topics and taxonomy terms
- The topics and taxonomy of the study and working fields gives you insight in the amount of summaries that are tagged by authors on specific subjects. This type of navigation can help find summaries that you could have missed when just using the search tools. Tags are organised per field of study and per study institution. Note: not all content is tagged thoroughly, so when this approach doesn't give the results you were looking for, please check the search tool as back up
- Check or follow your (study) organizations:
- by checking or using your study organizations you are likely to discover all relevant study materials.
- this option is only available trough partner organizations
- Check or follow authors or other WorldSupporters
- by following individual users, authors you are likely to discover more relevant study materials.
- Use the Search tools
- 'Quick & Easy'- not very elegant but the fastest way to find a specific summary of a book or study assistance with a specific course or subject.
- The search tool is also available at the bottom of most pages
Do you want to share your summaries with JoHo WorldSupporter and its visitors?
- Check out: Why and how to add a WorldSupporter contributions
- JoHo members: JoHo WorldSupporter members can share content directly and have access to all content: Join JoHo and become a JoHo member
- Non-members: When you are not a member you do not have full access, but if you want to share your own content with others you can fill out the contact form
Quicklinks to fields of study for summaries and study assistance
Field of study
- All studies for summaries, study assistance and working fields
- Communication & Media sciences
- Corporate & Organizational Sciences
- Cultural Studies & Humanities
- Economy & Economical sciences
- Education & Pedagogic Sciences
- Health & Medical Sciences
- IT & Exact sciences
- Law & Justice
- Nature & Environmental Sciences
- Psychology & Behavioral Sciences
- Public Administration & Social Sciences
- Science & Research
- Technical Sciences
Add new contribution