What does tax law mean?
Definitions for tax law
tax law
This dictionary definitions page includes all the possible meanings, example usage and translations of the word tax law.
Princeton's WordNet
tax lawnoun
the body of laws governing taxation
Wikipedia
Tax law
Tax law or revenue law is an area of legal study in which public or sanctioned authorities, such as federal, state and municipal governments (as in the case of the US) use a body of rules and procedures (laws) to assess and collect taxes in a legal context. The rates and merits of the various taxes, imposed by the authorities, are attained via the political process inherent in these bodies of power, and not directly attributable to the actual domain of tax law itself.Tax law is part of public law. It covers the application of existing tax laws on individuals, entities and corporations, in areas where tax revenue is derived or levied, e.g. income tax, estate tax, business tax, employment/payroll tax, property tax, gift tax and exports/imports tax. There have been some arguments that consumer law is a better way to engage in large-scale redistribution than tax law because it does not necessitate legislation and can be more efficient, given the complexities of tax law.: 213
ChatGPT
tax law
Tax law refers to the legal regulations and practices set forth by a government to govern how taxes are collected from individuals, corporations, and other legal entities. This includes laws on income tax, property tax, corporate tax, sales tax, import duty tax, estate tax and more. Tax laws dictate how much tax is owed, when it's due, and the procedures for collecting it. They can also provide penalties for tax evasion or fraud. Tax laws vary by country, state, and municipality.
Wikidata
Tax law
Tax law is an area of legal study dealing with the statutory, regulatory, constitutional, and common-law rules that constitute the law applicable to taxation, which is the method by which the government levies on economic transactions.
Editors Contribution
tax law
A variety of law created and enacted by a form of unity assembly, unity council, unity legislature, unity senate, unity house of representatives, unity parliament, unity government, local unity government, regional unity government, national unity government, european unity government and international unity government for tax or taxation.
Tax law is important in every society at present.
Submitted by MaryC on January 19, 2021
Matched Categories
Numerology
Chaldean Numerology
The numerical value of tax law in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of tax law in Pythagorean Numerology is: 9
Examples of tax law in a Sentence
Governments make tax law, the tax authorities independently enforce the law, and Google complies with the law.
Any time there is a new tax law, you'll find buyers sitting on the sidelines waiting to see how it shakes out.
However accurate or inaccurate the agency’s numbers may be, tax law explicitly presumes that the IRS is always right -- and implicitly presumes that the taxpayer is always wrong -- in any dispute with the government. In many cases, the IRS introduces no evidence whatsoever of its charges; it merely asserts that a taxpayer had a certain amount of unreported income and therefore owes a proportionate amount in taxes, plus interest and penalties.
The digital economy is new, and the existing tax laws on the books really aren't prepared for it, this is a way to begin reforming the tax law.
With the new tax law, there's even more incentive for the self-employed entrepreneur to pay themselves less.
Translations for tax law
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"tax law." Definitions.net. STANDS4 LLC, 2024. Web. 21 Dec. 2024. <https://www.definitions.net/definition/tax+law>.
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