Tax Law
8 important questions on Tax Law
What are the main constitutional limitations to the taxing power?
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
What is incidence? 2 types
- 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
-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?
Explain the difference between the schanz-haig-simons concept and the source concept
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