TAX DOCTRINES
Tax "doctrines" have evolved from various court decisions, some which have been codified or reflected in the Code or in regulations ("Judicial Doctrines"). Often the Judicial Doctrines overlap and intersect, and it is often difficult to distinguish one from another.
1. Evasion v. Avoidance. Structuring transactions and entities for tax avoidance and minimization is acceptable, as long as they are compliant with the other Judicial Doctrines. Tax avoidance is distinguished from tax evasion, which is considered criminal and involves some form of concealment or fraud.
2. Business Purpose Doctrine. The business purpose doctrine requires that a transaction will be respected only if it was carried out for a genuine business purpose (alongside any tax avoidance purposes). See Regulations to § 269, which disregard transactions that were "not undertaken for reasons germane to the conduct of the business."
3. Substance over Form. The "substance over form" doctrine holds that transactions generally will be taxed according to their economic substance rather than their actual form, unless the specific form was expressly intended by Congress. An example of permitted form is cash versus accrual method of accounting. The Step Transaction Doctrine (defined below) can be applied in addition to the Substance Over Form Doctrine in the same transactions.
4. Sham Entity. An entity that is a "sham" can be disregarded entirely for federal income tax purposes. A "sham" entity is an entity that is not formed for bona fide business purposes, and does not engage in actual business. The sole purpose of a business entity cannot be to avoid income tax.
5. Sham Transaction. Similar to the Sham Entity Doctrine, a transaction will be disregarded to the extent the transaction lacks any bona fide business purpose.
6. Step Transaction Doctrine. The Step Transaction Doctrine takes individual transactions and collapses them into an integrated whole in order to consider the entire substance of the matter rather than rely simply on its form. Transactions are integrated into one to the extent that the 'steps' are interdependent and focused toward a particular overall objective of avoiding or reducing tax liabilities.
7. Assignment of Income. Earned income is taxed to the person performing the service rather than the taxpayer who receives the income. Assigning the income does not transfer tax liability. Note that this doctrine applies to performance of services and does not apply to property.
How VAT is related to canon of taxation
The purpose of taxation in general is for the government to raise money.
The headquarters of the Australian Taxation office's street address is 28-36 Ainslie Avenue, Civic Square, ACT 2600, Australia. The Australian Taxation Office is the collection agency for taxation in Australia.
The two principles of taxation are benefit principle and the ability-to-pay principle.
Because they're Gay.
This question requires more context. Which country? As different countries have different taxation systems and laws. Personal taxation or company taxation? Here again there are normally different levels of taxation.
uniformity in taxation
outline the reasons for taxation
i'm pretty sure it was "No Taxation Without Representation."
Taxation without representation is wrong. Taxation is needed to pay for many government programs.
Cheryl D. Block has written: 'Corporate taxation' -- subject(s): Corporations, Taxation, Law and legislation 'Corporation Taxation' 'Corporate taxation' -- subject(s): Corporations, Taxation, Law and legislation
The answer is for a massive shift to indirect taxation.
government spending and taxation.
example of power taxation
role of taxation in business
Advance Diploma in International Taxation offered by Chartered institute of taxation, UK
The power of taxation is that every government needs it. No country can survive without the money that is brought in from taxation.