REGNRSG 105 Lecture Notes - Lecture 17: Tax Law, Deadweight Loss, Public Law
Document Summary
Week 6 tutorial 11: study task for chapter 11: tax law. Taxes = compulsory, required payments to government. The law obliges a person to give money to gov without receiving anything in return. Nontax revenue = only due when individual needs specific service or goods offered by government. Taxation as law: public law: governs legal relations between private persons and gov, 2 areas: substantive tax law & procedural tax law. * general tax law used for definitions that apply throughout the tax system & for issues of procedural tax law. (1. 2) limitations: power granted to government by constitution. Us taxes focus on income tax >< eu taxes focus on goods & services: limited by general principles of law and fundamental rights that constitution protects. Legality = only law can impose taxes, legal basis required. Equality= prohibition of arbitrary taxation devoid of reasonable foundation.
