Riccardo de Caria
Published under the direction of the Max Planck Foundation for International Peace and the Rule of Law.
General Editors: Rainer Grote, Frauke Lachenmann, Rüdiger Wolfrum.
1. A tax is an imposition by a government on individuals or legal persons to perform an action in its favour, which nowadays typically involves paying a sum of money. Governments levy a wide variety of taxes; despite the many differences between legal systems, existing forms of taxation can usually be attributed to the same categories in different jurisdictions. Income taxes are levied as a percentage of a taxpayer’s net income. Corporate income taxes are levied on corporations’ ( corporations ) net income. Property taxes are levied on the value of property owned...