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

  1. tax lawnoun

    the body of laws governing taxation

Wikipedia

  1. 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

  1. 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

  1. 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

  1. 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  

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Numerology

  1. Chaldean Numerology

    The numerical value of tax law in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of tax law in Pythagorean Numerology is: 9

Examples of tax law in a Sentence

  1. Peter Barron:

    After a six-year audit we are paying the full amount of tax that HM Revenue & Customs agrees we should pay, including 130 million pounds in additional back tax, governments make tax law, the tax authorities independently enforce the law, and Google complies with the law.

  2. Steven Judge:

    For more than one hundred years, tax law has recognized that carried interest received from investing in a capital asset is appropriately treated as capital gains, this policy is based on the American economic principles of rewarding entrepreneurial risk, long-term investment, and vision.

  3. Don Boyd:

    Almost any economist will tell you that we should treat all income equally, if you have $50,000 of income, it doesn't matter if it is from a pension, dividends or wages - tax law generally doesn't make too many distinctions.

  4. John Lewis:

    Should the public know whether the person who is running for the office or who is currently leading our nation paid the correct amount of tax? In the case of Nixon, the answer was 'yes,' is it fair to expect the IRS to enforce federal tax law against the president?

  5. Channing Flynn:

    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.


Translations for tax law

From our Multilingual Translation Dictionary

  • कर क़ानूनHindi
  • ತೆರಿಗೆ ಕಾನೂನುKannada

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"tax law." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/tax+law>.

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