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"Tax code" redirects here. For the alphanumeric code used in the UK, see Tax code (PAYE).
The Internal Revenue Code is the statutory basis of federal tax law in the United States. The Code of Federal Regulations is the Internal Revenue Service's own regulatory interpretation of the federal tax laws passed by Congress, which carry the weight of law if the interpretation is reasonable. Case law in tax court and federal courts constitute the remainder of tax law in the United States.

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.

Major issues[edit]

Primary taxation issues facing the governments world over include;

Tax education from law schools[edit]

In law schools, "tax law" is a sub-discipline and area of specialist study. Tax law specialists are often employed in consultative roles, and may also be involved in litigation. Many U.S. law schools require about 30 semester credit hours of required courses and approximately 60 hours or more of electives. Law students pick and choose available courses on which to focus before graduation with the J.D. degree in the United States. This freedom allows law students to take many tax courses such as federal taxation, estate and gift tax, and estates and successions before completing the Juris Doctor and taking the bar exam in a particular U.S. state.

There are many Master of Laws (LL.M) programs currently being offered in the United States, Canada, United Kingdom, Australia, Netherlands etc. Many of these programs offer the opportunity to focus on domestic and international taxation. In the United States, most LL.M. programs require that the candidate be a graduate of an American Bar Association-accredited law school. In other countries a graduate law degree is sufficient for admission to LL.M. in Taxation law programs.

Taxation by jurisdiction[edit]




See also[edit]

Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Tax_law — Please support Wikipedia.
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3776 news items

Wall Street Journal

Wall Street Journal
Wed, 06 Aug 2014 16:37:48 -0700

That sure sounds like rewriting tax law by executive fiat, which violates the Constitution's separation of powers. The rewrite is all the more legally suspicious since no one at Treasury or the Justice Department seems to have been aware of this power ...


Tue, 19 Aug 2014 11:16:24 -0700

If you polled the members of Congress, most would agree that they seldom read the actual language of the tax laws before they are enacted, and often have only a general idea of what the law actually provides. This is why we have a written tax law — to ...


Mon, 01 Sep 2014 22:26:15 -0700

A change in Germany's capital gains tax has prompted an exodus from its Catholic and Protestant churches this year as thousands of registered members quit their parishes rather than pay the money. Dioceses in both churches have reported in recent weeks ...

The Deal Pipeline

The Deal Pipeline
Tue, 26 Aug 2014 06:10:07 -0700

ForeignMoneyCash-LG.jpg An innocuously named species of transaction has inspired a political furor this summer. After a number of U.S. companies announced plans to move overseas in so-called inversion deals, Sen. Carl Levin proposed banning them ...
JD Supra (press release)
Fri, 29 Aug 2014 09:07:30 -0700

In early 2012, Citibank started issuing Form 1099-MISC to customers who were given "thank you points" in exchange for opening bank accounts. The points could be redeemed for an airline ticket, similar to frequent flyer miles. (We discussed this in two ...
Fri, 29 Aug 2014 15:07:30 -0700

Banks operating in Rwanda have started enforcing the US Foreign Accounts Tax Compliance Act (FATCA) requirements, which seek to track off-shore American tax evaders, Ngagi Kabarega, the head of compliance and internal control at I&M Bank, has said.

Business Insider

Tue, 26 Aug 2014 08:50:58 -0700

When companies change how they produce things solely to accommodate the tax law that makes the entire structure of industry much less efficient than it would otherwise be. Not only do we have the highest corporate tax rate in the whole world, we also ...


Wall Street Journal
Tue, 12 Aug 2014 08:19:32 -0700

U.S. tax law currently exempts up to about $100,000 of income earned abroad, but Washington has stepped up enforcement of a requirement that Americans report foreign accounts to the U.S. government. Under Fatca, foreign banks and financial institutions ...

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