Tax Law

8 important questions on Tax Law

What are the main constitutional limitations to the taxing power?

consitution sets limitations on taxes by strictly determining the tax base, tax percentage, tax system.

What are the limitiations to taxing power by principles?

  • Principle of Legality
  • Principle of equiality
  • Balance of powers

What are the goals of tax law?

  • Revenue
  • Redistribution
  • Regulation
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

What is incidence? 2 types

Incidence is who the barrier of taxes is
  • Legal incidence: who is legally responsible to pay
  • Economic Incidence: Statutory bearer doesn't have to be the person who's welfare is affected by tax

What is the difference between taxes ad personam and taxes in rem?

  • Ad personam: taxes on income (personal situation)
  • In rem: VAT (same for everyone)

Explain objectif tax liability

-timing
-taxability
-reductions

What is the difference between an inheritance and an estate tax? What do either have to do with the rationale for introducing gift taxes?

Income taxes are levied on the part of the property that a heir received from the estate. Usually however, gift taxes are lower for first degree relatives and in order to pay less taxes the initial owner transfers his estate before death.

Explain the difference between the schanz-haig-simons concept and the source concept

Schanz-haig-simmons: income is the net accumulation of the taxpayers wealth over the year.
source: the market value of all gains from specific and stable sources of income.

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo