"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 deals with the administration and regulation of taxes, including income tax, sales tax, and property tax.
Taxation principles: Taxation principles provide students with the background behind tax laws, including how taxes are collected, enforced, and reinvested back into the economy.
Tax planning: Tax planning involves creating a plan that will help individuals and businesses save money on taxes. Tax planning includes strategies to reduce taxable income, increase deductions, and take advantage of available tax credits.
Taxation of individuals: Taxation of individuals includes all aspects of personal taxation, including filing requirements, deductions, exemptions, credits, and tax rates. Students will learn how to calculate taxes owed and how to file individual tax returns.
Taxation of businesses: Taxation of businesses involves the application of tax laws to various types of businesses, including corporations, partnerships, and sole proprietorships. This topic covers business deductions, depreciation, tax credits, and filing requirements.
Taxation of investments: The taxation of investments is an important topic in tax law. Students will learn how to calculate capital gains and losses, how to apply tax rates, and how to use various investment vehicles to reduce their tax burdens.
Taxation of international transactions: Taxation of international transactions involves cross-border taxation issues such as foreign income, foreign tax credits, transfer pricing, and treaty issues. This topic is important for students who plan to work in multinational corporations or handle international tax matters.
Estate and gift taxation: Estate and gift taxation covers the transfer of wealth from one generation to another. This topic includes an overview of estate and gift taxes, the exemptions and deductions available, and the lifetime gift exclusion.
Tax procedure and administration: Tax procedure and administration covers the procedural and administrative aspects of tax law, including audits, appeals, collection procedures, and tax litigation. This topic is important for students who plan to work for the IRS or in tax litigation.
Tax policy: Tax policy explores the different policies that governments use to collect revenue and redistribute wealth. Students will learn about different tax strategies and the pros and cons of each approach.
"Public or sanctioned authorities, such as federal, state and municipal governments (as in the case of the US)."
"To assess and collect taxes in a legal context."
"Tax law is part of public law."
"Income tax, estate tax, business tax, employment/payroll tax, property tax, gift tax and exports/imports tax."
"Existing tax laws."
"It covers the application of existing tax laws on individuals, entities and corporations."
"The rates and merits of the various taxes... are attained via the political process inherent in these bodies of power."
"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."
"The political process inherent in these bodies of power."
"Income tax."
"Public or sanctioned authorities."
"Property tax."
"Via a body of rules and procedures (laws)."
"The rates and merits of the various taxes... are attained via... the political process inherent in these bodies of power."
"The application of existing tax laws on individuals, entities and corporations."
"In areas where tax revenue is derived or levied."
"Federal, state and municipal governments (as in the case of the US)."
"Given the complexities of tax law."
"To engage in large-scale redistribution."