WHAT ARE TAXATION LAWS AND THE FUNDAMENTALS OF WRITING TAXATION LAW ASSIGNMENTS?
A tax is a price charged by the state on the earnings of a person, company or a trust. There are various kinds of taxes, such as consumer sales taxes, usage taxes and real estate taxes etc. The purpose of imposing a tax is to produce revenue that would be further utilised to fulfil the needs and requirements of the public. A tax is not a payment that is voluntarily made by the public but it is enforced contribution imposed by the legislative authority. Tax law or revenue law is a domain of judicial study that concerns the constitutional rules, common-law rules, statutory rules, tax treaty, and regulatory rules that compose the law relevant to taxation. The process of charges being imposed on people or businesses by the lawmaking authority of the central government and by various state authorities to allocate funds for public betterment. Charges are inflicted to assist the government in the place of the customary benefits and security provided by the government to the taxpaying