- Tax law
:"Tax code" redirects here. For the term as used in the United Kingdom PAYE system, see
Tax code (PAYE) ."Tax law is the codified system oflaw s that describesgovernment levies oneconomic transactions, commonly calledtax es.Major issues
Primary taxation issues facing the governments world over include;
* taxes on income and wealth (or estates)
* taxation ofcapital gains
* taxation of retirement pensions and social security contributions etc.
*inheritance tax es
* taxation ofgift s
*consumption tax es (orsales tax )
* taxation ofcorporation s,LLC s,partnerships Tax education from law schools
In
law school s, "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 andgift tax , and estates and successions before completing theJuris Doctor and taking thebar exam in a particular U.S. state.There are many fine
LLM or Masters in Laws Graduate programs currently being offered in the United States, United Kingdom, Australia, Netherlands etc. Many of these programs offer the opportunity to focus on domestic andinternational taxation . In the United States most LLM programs require that the candidate be a graduate of anAmerican Bar Association -accredited law school while a mere graduatelaw degree is a sufficient eligibility criterion in other countries for admission to LLM in Taxation law programmes.Tax education from business school programs
There are hundreds of accredited business schools in the USA. Many are accredited by the
AACSB orACBSP or recognized byAAFM . These undergraduate or graduate programs may allow the student to major or graduate with a tax related degree such as a Masters in Taxation. Also, the undergraduate focus onaccounting would allow a student to go theCertified Public Accountant (CPA) track. After a student completes the individual state or jurisdictional requirements for accounting, the applicant may sit for theUniform Certified Public Accountant Examination .ee also
*
Taxation in the United States
*Taxation in the United Kingdom
*Taxation in the Netherlands
*Taxation in Australia
*Taxation in Canada
*Taxation in China
*Taxation in France
*Taxation in Germany
*Taxation in India
*Taxation in Colombia
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