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Max Planck Encyclopedia of Comparative Constitutional Law [MPECCoL]

Taxes

Riccardo de Caria

Content type:
Encyclopedia entries
Product:
Max Planck Encyclopedia of Comparative Constitutional Law [MPECCoL]
Article last updated:
October 2017

From: Oxford Constitutions (http://oxcon.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 11 December 2024

Subject(s):
Taxes

General Editors: Rainer Grote, Frauke Lachenmann, Rüdiger Wolfrum
Managing Editor: Martina Mantovani

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...
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