Taxation and duties law Books

Book SynopsisThis edition of Whillans Tax Tables includes all the relevant information from the Budget, enabling practitioners to start processing the updated facts and figures.

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Book SynopsisKarin Nickenig befasst sich in diesem essential in aller Kürze mit den wesentlichen Fachbegriffen aus der Buchführung und Kostenrechnung (Rechnungswesen), sowie einschlägigem Fachvokabular aus dem Steuerrecht (insb. Einkommen-, Umsatz- und Gewerbesteuer). Der Leser erhält mit Hilfe dieses praxisorientierten kleinen Nachschlagewerks einen einfachen, dennoch fundierten Einstieg in relevante Begriffsdefinitionen, welche zum beruflichen Alltag z.B. eines kaufmännischen Angestellten oder Unternehmers gehören. Die Anordnung in alphabetischer Reihenfolge erleichtert das Auffinden der Begriffe im Praxisalltag „auf die Schnelle“.Trade Review“... umfassende Werk eignet sich hervorragend zum Einstieg in ein unbekanntes Thema. Für Auszubildende es ebenso hilfreich wie für Studierende. Eigentlich ist es für jeden Menschen hilfreich, der sich mit dem umfangreichen Thema beschäftigen will oder muss ...” (OZ Onlinezeitung, onlinezeitung.co, 4. April 2017)Table of ContentsÜbersichtliche Darstellung von Fachbegriffen des betrieblichen Rechnungswesens (Buchführung und Kostenrechnung) sowie des Steuerrechtes (ins. Einkommen-, Umsatz- und Gewerbesteuer).- Zahlreiche einfache Beispiele zu den Begriffsdefinitionen zum besseren Verständnis.

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Book SynopsisFoundations for the LPC covers the compulsory foundation areas of the Legal Practice Course as set out in the LPC outcomes: professional conduct, tax and revenue law, and wills and administraion of estates. It also features coverage of human rights.Table of ContentsPart 1: Professional Conduct 1: Ethics, professional conduct and regulation 2: Financial services 3: Money laundering Part 2: Revenue Law 4: An introduction to revenue law 5: Income tax 6: Capital gains tax 7: Inheritance tax 8: Corporation tax 9: Value added tax 10: Taxation of sole proprietors and partnerships 11: Taxation of trusts and settlements Part 3: Wills and Administration of Estates 12: Introduction to wills and administration of estates 13: Entitlement to the estate 14: Application for a grant of representation 15: Post-grant practice Part 4: Human Rights 16: Human rights

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Book SynopsisCharting tax changes post-Finance Act, known and respected for its accuracy, this title contains all the data you need. This edition includes provisions from Finance Act 2022 and updated retail price indices, together with any other information not available for inclusion in the Budget edition. The depth of data and breadth of coverage enables you to make fast, effective calculations. Clear and concise summaries of tax changes are presented in tabular form under distinctive headings.Whillans''s Tax Tables provides accurate tables of all the new and revised tax rates and allowances and is published twice a year, in May and August.Known and respected for their accuracy, Whillans''s Tax Tables contain all the data you need in practice. With the latest tax rates, allowances and reliefs, Whillans''s enables you to quickly make calculations with accurate data. The easy-to-use layout and concise expert commentary by our technical team ensure you have exactly the right level of information on

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Book SynopsisLearn how to become an Enrolled Agent with PassKey''s comprehensive EA Review study program, newly-revised and thoroughly updated for the current tax year. This study guide is designed for test-takers who will take their exams in the Prometric EA Exam testing window that runs from May 1, 2022, to February 28, 2023.This year''s edition includes coverage of the American Rescue Plan Act (ARPA), which was signed into law on March 11, 2021. The bill provided $1.9 trillion in stimulus to aid in the COVID-19 pandemic, and included dozens of provisions that impact 2021 business returns.This is an in-depth study guide for Part 2 of the IRS Enrolled Agent exam. Using simple-to-understand language and numerous concrete examples, this study guide helps demystify complex tax law.Part 2: Businesses covers the special tax laws that apply to various types of entities, including sole proprietorships; partnerships; C and S corporations; farming businesses, trusts, and estates; employer-provided retirement plans; and tax-exempt organizations. Also covered are business income, expenses, deductions, and credits, accounting methods and procedures; business assets; tangible property regulations; and much more. This book has been extensively updated and rigorously vetted for accuracy by experts in the tax profession. For more study help, PassKey Publications also offers a three-part practice exam workbook with detailed answers and explanations, so you can test yourself, time yourself, and learn!

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Book SynopsisYou are paying much more in tax than you think you are What Everyone Needs to Know About Tax takes an entertaining and informative look at the UK tax system in all its glory to show you just how much you pay, how the money is collected and how it affects ordinary people every day.Trade Review"...chock full of essential information and interesting fact. I can highly recommend it to anyone who wants to get a grip of the complex UK tax system." (Frost Magazine, March 2017)Table of ContentsAbout the author xi Introduction xiii 1 Taxes on your income and earnings 1 Income tax and national insurance 1 National insurance contributions 3 Paying tax 7 Taxes on high earners 10 The Laffer curve 13 Sports, prizes and betting 16 With betting, the tax inspector always wins 18 The poverty trap 20 2 Taxes on what you spend 23 Value added tax 23 How VAT works 27 Zero rated and exempt from VAT 30 Europe, Brexit and VAT 32 Customs and excise 34 Excise duties 36 Fuel duty and green taxes 41 Oil and gas extraction 44 Green taxes 45 Global warming 47 3 Taxes on what you own 51 Capital gains tax 51 Paying capital gains tax 54 Taxes on homes and property 56 Inheritance tax 57 Stamp duty land tax 59 Council tax 62 Buy to let 63 The mansion tax and wealth taxes 65 Taxes on pensions and saving 67 Other ways to save 71 How to live comfortably while paying almost no tax at all 72 4 Taxes on business 77 Taxing business 77 Tax on the self]employed and small businesses 78 Tax on companies 79 Personal service companies 81 The tradesman’s entrance 84 Multinationals and international tax 86 Territorial taxes 88 Tax havens 90 A bit of BEPS 91 Where does big business make its profits? 93 Tax competition 97 Taxing what you can’t touch 99 Taxes on financial transactions 103 5 Taxes evaded, avoided and reformed 107 Film finance: how governments encourage planning, avoidance and evasion 107 Tax evasion 113 Tax avoidance and the general anti]abuse rule 117 A changing climate 119 Avoiding income tax 122 The new fight against aggressive avoidance 124 Tax planning 126 Tax reform 128 1. Stop cutting income tax and start cutting national insurance 130 2. Start the 45% tax rate at £100,000 instead of £150,000 130 3. Tax companies according to their accounting profits 130 4. Expand the scope of VAT 131 5. Introduce a minimum income tax rate for the wealthy while abolishing most income tax anti-avoidance rules and incentives 131 Conclusion: the Three Golden Rules of tax 133 The First Golden Rule: Lots of small taxes together add up to make big tax bills 133 The Second Golden Rule: No matter what name is on the bill, all taxes are ultimately suffered by human beings 134 The Third Golden Rule: Taxes are kept as invisible as possible 135 Index 139

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Book SynopsisFor undergraduate and graduate courses in Taxation, and for professional use. Get clarity on UK taxation rulesand policiesin this up-to-date guide for year 2020 Taxation, 26thEdition, by Alan Melville,updated with 2020's Finance Act,is the definitive, market-leadingtexton UK taxation and is known for its up-to-date coverage of the changes introduced by the annual Budget.Featuring clean, well-structured prose and a wealth of immensely practical examples, this comprehensive guide serves as both a core textbook if you are studying taxation for the first time and a reference text that clearly explains the UK tax system and taxation regulations. Additionally, afree to access CompanionWebsite features opportunities for extra practice, pluschapter appendices anda range of useful links to explore taxation rules and the tax system further. Pearson, the world'slearningcompany. Table of ContentsPART 1 INCOME TAX AND NATIONAL INSURANCE 1 - Introduction to the UK tax system 2 - Introduction to income tax 3- Personal allowances 4- Payments and gifts eligible for tax relief 5 - Income from property 6 - Income from savings and investments 7 - Income from employment (1) 8 - Income from employment (2) 9 - Income from self-employment: Computation of income 10 - Income from self-employment: Basis periods 11 - Income from self-employment: Capital allowances 12 - Income from self-employment: Trading losses 13 - Income from self-employment: Partnerships 14 - Pension contributions 15- Payment of income tax, interest and penalties 16 - National insurance contributions Review Questions (Set A) PART 2 CAPITAL GAINS TAX 17 - Introduction to capital gains tax 18 - Computation of gains and losses 19 - Chattels and wasting assets 20 - Shares and securities 21 - Principal private residence 22 - CGT reliefs Review Questions (Set B) PART 3 CORPORATION TAX 23 - Introduction to corporation tax 24 - Corporate chargeable gains 25 - Computation and payment of the corporation tax liability 26 - Corporation tax losses 27 - Close companies and investment companies 28 - Groups of companies and reconstructions Review Questions (Set C) PART 4 MISCELLANEOUS 29 - Value added tax (1) 30 - Value added tax (2) 31 - Inheritance tax 32 - Overseas aspects of taxation Review Questions (Set D) PART 5 ANSWERS

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Book SynopsisThe Inheritance Tax Planning Handbook provides a comprehensive overview of the planning opportunities available to mitigate the inheritance tax that estates and trusts must pay.

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Book Synopsis'A delicious book.' Jared DiamondWho controls the space around an aeroplane seat: you or the person behind you trying to work on their laptop? Who owns your favourite football player? And why do Facebook and Google want your private data?In Mine! Michael Heller and James Salzman reveal the hidden economic and social rules that guide everyday life, demonstrating that much of what we assume about ownership is wrong. Whether a lost wallet, a playground swing or a London flat, Mine! explores what ownership means and why it governs everything we do.Trade ReviewThis delicious book will guide you through the confusing maze of ownership disputes that bedevil our daily lives. * Jared Diamond, Pulitzer-winning author of Guns, Germs and Steel *Mine! does for ownership what Dubner and Levitt's Freakonomics did for money: it shows you the world through a different lens... Its ideas will certainly get your brain whirring. * Sunday Times *Mine! is one of those rare and treasured books that make you feel smarter and change the way you see the world. I haven't had an experience like this as a reader since Freakonomics. A rollicking good read, filled with amazing stories about the secret rules of ownership and why they work in unexpected ways. * Barton Gellman, three-time winner of the Pulitzer Prize and author of Dark Mirror *Who knew there are hidden rules of ownership controlling our lives? I didn't until I read this fascinating, illuminating book. I'm very glad I did. * Robert Cialdini, bestselling author of Influence *Fascinating... It's immensely clarifying, beautifully written, and perfectly timed -- and it might improve the world to boot. * Cass R. Sunstein, bestselling co-author of Nudge *With vivid stories and memorable insights, Heller and Salzman decode legal rules about ownership much as Freakonomics decodes economics and psychological rules of incentives. * Martha Minow, Former Dean, Harvard Law School *Wonderful * Forbes *Enjoyable, well-written and with a deftness of touch that belies the radical re-examination of property rights at its heart. * Financial Times *Table of Contents0: Introduction: Who Gets What and Why 1: First Come, Last Served 2: Possession Is One-Tenth of the Law 3: I Reap What You Sow 4: My Home Is Not My Castle 5: Our Bodies, Not Our Selves 6: The Meek Shall Inherit Very Little 7: The Future of Ownership-and the World 8: Epilogue: The Toddler's Rules of Ownership

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Book SynopsisThe Panama Papers demonstrated that the superrich hide their wealth from the rest of us. Dirty Secrets shows that this was not by accident, but by design. It was the result of a powerful alliance of the wealthy, their advisers and the state that has undermined all attempts to solve the tax haven problem.This is because tax havens are the unacknowledged heart of globalized capitalism. Their purpose is to provide freedom from regulation. The exponents say this makes markets work and so we all gain. But this argument has now failed. Furthermore democracy itself is being threatened by the political fallout from the mistrust this regime has created.The result is that tax havens are now a threat to the very system that supposedly spawned it. Dirty Secrets is the most revelatory examination of the crisis by a leading expert, but also offers solutions on how governments can regulate havens and what the world might look like without them.Trade ReviewA rare voice of sanity at a time of economic madness -- Owen Jones, author of The EstablishmentBacked by years of experience and fired by relentless energy and a burning sense of anger at what the offshore system of tax havens is doing to our fragile world, Richard Murphy's tireless work at the leading edge of the tax justice campaigns has helped open the world's eyes to the scale and nature of this growing, metastatising threat to our democracies and our economies. Dirty Secrets makes essential reading for those wanting to understand where it all went wrong. -- Nicholas Shaxson, author of Treasure IslandsRichard Murphy has for decades been a leading voice on the left arguing for international tax reform. He fizzes with ideas about how policy-makers should organise policies on an international scale . argues that if we manage to stamp out tax havens, the rewards will be bountiful: inequality will fall, and so too the cost of capital. Regulation, markets and even democracy will function better. -- ProspectThe Panama Papers detailed corruption by design, and here the fearless author of The Joy of Tax uses them as a jumping-off point to detail, with insight, forensic precision and pugnacity, the truth behind the lie that tax havens are a reasonable part of global capitalism * Times Higher Education *Murphy's book aggressively attacks the world's tax havens-or 'secrecy jurisdictions,' as he calls them. Their most corrosive effect, in his judgement, is not to allow individuals (including criminals) and corporations to avoid or evade taxes, although that is important. Rather, the worst thing about tax havens is the way in which they prevent the kind of transparency in transactions that any well-functioning market requires ... If the secrecy jurisdictions were curtailed, the world would be a much better place, Murphy contends: democracies would be stronger, and markets more efficient. -- Richard N. Cooper * Foreign Affairs *

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Book SynopsisTolley's Tax Cases is the only book of its kind to summarise all key court, Special Commissioners' and First-tier Tribunal decisions relevant to current direct tax legislation. Concise summaries of over 2,800 tax cases span from 1875 to the present day.

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Book SynopsisThis popular reference work contains essential information on all the main UK taxes and related subjects, conveniently arranged to save you the time and effort involved in researching a whole range of source material.

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Book SynopsisThe book provides an in-depth description of cross-border project financing as a technique for financing capital-intensive projects, as well as an overview of certain financing and derivative instruments currently available in the global financial markets.Table of ContentsAcronyms. About the Authors. Introduction. 1. Overview of Financial Innovations in the International Financial Markets. 2. Syndicated Eurocredit Loans. 3. Marketable Debt Securities in the International Financial Markets. 4. Depositary Receipts. 5. Interest Rate, Currency and Commodity Derivatives. 6. Off-balance Sheet Activities of Commercial Banks. 7. What is Project Financing? 8. Description of a Project Finance Transaction. 9. Advantages and Characteristics of Project Financing. 10. Appraisal Techniques in Project Financing. 11. Risk Identification and Risk Assessment in Project Financing. 12. Risk Management Techniques in Project Financing. 13. Limited-recourse Structures. Glossary of Terms. Bibliography. Index.

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Book SynopsisInternational Commercial Tax, 2nd edition takes account of the substantial developments of the last decade. With more than sixty percent new material, the book considers the outcomes of the OECD''s BEPS project and the substantial consequential 2017 revisions of the OECD and UN Model tax treaties. With the continuing rise in the economic importance of non-OECD countries and the UK distancing itself from the EU, there has been a refocusing with less direct attention on UK domestic law and greater focus on the approaches of other significant countries, especially other common law jurisdictions. This provides greater flexibility as to how a particular point or issue is illustrated with practical examples. Greater attention is given to the UN Model, which is increasingly important. The book continues to compare the approach under model tax treaties with EU law and is updated with copious references and illustrations from the burgeoning jurisprudence of the EU Court.Table of ContentsIntroduction; 1. Fundamentals and sources of international tax law; 2. The jurisdiction to tax; 3. Source country taxation; 4. Residence country taxation; 5. The limited scope of treaties; 6. Changes of source and residence; 7. Bilateral administrative issues.

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Book SynopsisIn an important addition to the series, this book tells the story of 20 leading revenue law cases. It goes well beyond technical analysis to explore questions of philosophical depth, historical context and constitutional significance. The editors have assembled a stellar team of tax scholars, including historians as well as lawyers, practitioners as well as academics, to provide a wide range of fresh perspectives on familiar and unfamiliar decisions. The whole collection is prefaced by the editors’ extended introduction on the peculiar significance of case-law in revenue matters. This publication is a thought provoking and engaging showcase of tax writing that is accessible equally to specialists and non-specialists.Trade ReviewSnape and de Cogan frame a book containing classic cases in tax law as a means of understanding the deeply social and political nature of tax law, revenue law, the government, and the people’s interactions in what they hope will be a civilized society. Seeing issues from this more inclusive framing will allow legal scholars to contribute to that desired outcome without unnecessarily narrowing (and thus inevitably distorting) their focus. -- Neil H Buchanan * Jotwell *[A] full appreciation of the immense effort put in by each of the contributors gradually reveals itself after reading each of the contributions. The book is extensively researched and indexed... This book offers much more than an analysis of leading revenue law cases in the UK... This reviewer thoroughly endorses this book as essential reading to anyone interested in the historical development of the UK’s revenue law through the lens of the common law. Furthermore, it is recommended to anyone with an interest in revenue law, especially where the common law operates. It is not a book for reading in a single session; its full impact on one’s thinking is only achievable if a reader takes time to reflect upon the implications and insights provided by each of the chapters. This book should be part of the collections of tax practitioners, academics, officials, the judiciary and students with a keen interest in the law, especially those working with, or having an interest in, revenue law. -- Adrian Sawyer, Professor of Taxation, UC Business School, University of Canterbury, New Zealand * British Tax Review *Table of ContentsIntroduction: On the Significance of Revenue Cases John Snape and Dominic de Cogan 1. Case of Ship-Money (R v Hampden) (1637): Prerogatival Discretion in Emergency Conditions Michael J Braddick 2. Farmer v Glyn-Jones (1903): The Perils of Revenue Practice Chantal Stebbings 3. De Beers Consolidated Mines Ltd v Howe (1906): Corporate Residence: An Early Attempt at European Harmonisation John Avery Jones and Johann Hattingh 4. Thomas Gibson Bowles v Bank of England (1913): A Modern John Hampden? Martin Daunton 5. Great Western Railway Co v Bater (1922): A Question of Classification John HN Pearce 6. The Archer-Shee Cases (1927): Trusts, Transparency and Source Malcolm Gammie 7. Commissioners of Inland Revenue v Crossman (1936): Keeping it in the Family Ann Mumford 8. Edwards v Bairstow and Harrison (1955): Fact Finding and the Power of the Courts Anne Fairpo 9. Odeon Associated Theatres Ltd v Jones (HM Inspector of Taxes) (1971): A Delphic Pronouncement and a Fundamental Tension Judith Freedman 10. WT Ramsay v Commissioners of Inland Revenue (1981): Ancient Values, Modern Problems John Snape 11. CIR v National Federation of Self-Employed and Small Businesses (1981): All Grievances Converging on Tax Law Dominic de Cogan 12. Conservative and Unionist Central Office v Burrell (1981): A Case of Hidden Significance Victor Baker 13. Mallalieu v Drummond (1983): Allowable Deductions, Inadmissible Arguments Geoffrey Morse 14. Zim Properties Ltd v Proctor (1985): Compromise of Action, Compensation and CGT David Salter 15. The Commerzbank Litigation (1990): UK Law, Tax Treaty Law and EU Law Philip Baker 16. Pepper v Hart and Others (1992): The Case of the Misunderstood Minister Philip Ridd 17. R v Secretary of State for Foreign and Commonwealth Affairs, ex parte World Development Movement (1994): Financial Prudence, Interfering Busybodies Abimbola A Olowofoyeku 18. Barclays Mercantile Business Finance v Mawson (2004): Living with Uncertainty John Vella 19. Cadbury Schweppes and Cadbury Schweppes Overseas (2006): CFC Rules Under EU Tax Law Christiana HJI Panayi 20. Jones v Garnett (2007): Legal Form, Legal Problem Glen Loutzenhiser

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Book SynopsisThis supplement is an invaluable single source for the code and regulations applying to federal transfer taxes, such as gift taxes and the generation-skipping transfer tax. It is a quick and easy, yet comprehensive, reference to the primary law, conveniently sized for carrying in a briefcase or backpack. The 2022 edition includes code and regulation changes up through early February 2022.

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Book SynopsisSince the decision of the House of Lords in Woolwich Equitable Building Society v Inland Revenue Commissioners [1993] AC 70, the law governing claims for restitution of overpaid tax has experienced rapid and profound evolution. This has been so not only in England, but also elsewhere in the common law world as well as on the European plane. The essays in this collection consider the new landscape, and explore from various doctrinal and national perspectives the issues that have confronted, and continue to confront, the courts.Trade ReviewAs a collection of essays, there is no doubt that this book makes a significant contribution to our understanding of this technically complex but highly significant area of the law. The editors should be commended for ensuring that the papers were published. -- Graham Virgo * The Cambridge Law Journal *Table of ContentsSECTION I. INTRODUCTION 1. Introduction Steven Elliott, Birke Häcker and Charles Mitchell SECTION II. ENGLISH LAW 2. Overpaid Taxes: A Hybrid Public and Private Approach Rebecca Williams 3. Mistaken Payments of Tax Duncan Sheehan 4. Restitution from Public Authorities: Any Room for Duress? Nelson Enonchong 5. Reasons for Restitution Charlie Webb 6. Restitutionary Claims by Indirect Taxpayers Charles Mitchell 7. Property, Proportionality, and the Change of Position Defence Niamh Cleary 8. Undoing Transactions for Tax Purposes: The Hastings-Bass Principle Monica Bhandari SECTION III. EUROPEAN LAW 9. Judicial Techniques in Relation to Remedies for Overpaid Tax Catherine Barnard and Julian Ghosh KC 10. The Principle of Effectiveness and Restitution of Overpaid Tax Maximilian Schlote SECTION IV. COMPARATIVE LAW 11. Absence of Basis: A German Perspective Anne Sanders 12. 'Public Law Restitutionary Claims': The German Perspective Birke Häcker 13. Overpaid Taxes and Constitutional Redress in Ireland Niamh Connolly 14. Restitution of Overpaid Tax in Canada Robert Chambers 15. Restitution of Unlawfully Exacted Tax in Australia: The Woolwich Principle Simone Degeling

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Book SynopsisConsideration of harmful short-termism in capital markets is prevalent amongst legal and business academics. It is also garnering increased attention in corporate board rooms and executive suites, and from the investing public. As a result, correcting perceived short-termism in capital markets has become a rationale for reform used by regulators across the globe. Despite the considerable attention given to this phenomenon, there has not yet been a comprehensive book analyzing the perceived short-termism problem, its sources and causes, and reform efforts undertaken to date. This book fills this gap by documenting the rise of the short-termism discussion, analyzing the significance of the problem, and considering the proposed legal remedies. Based on this analysis, a framework for effective short-termism reform is offered.Table of ContentsChapter 1. Introduction.- Chapter 2. Defining the Issues.- Chapter 3. Short-Termism, An Evolving Concern?.- Chapter 4. What Has Been Done to Correct Short-Termism?.- Chapter 5. Is There A Short-Termism Problem At All?.- Chapter 6. Short-Termism Transmission Mechanisms.- Chapter 7. What Are The Harms Of Short-Termism?.- Chapter 8: Dual Pathway For Short-Termism Reform.- Chapter 9. Conclusion.

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Book SynopsisThis book explains the theoretical and policy issues associated with the taxation of financial services and includes a jurisdictional overview that illustrates alternative policy choices and the legal consequences of those choices . The book addresses the question: how can financial services in an increasingly globalized market best be taxed through VAT while avoiding economic distortions? It supports the discussion of the key practical problems that have arisen from the particular complexity of the application of VAT to financial services, and allows for the evaluation of best practice by comparing the major current reform models now being implemented.Trade Review“In the complex world of VAT and GST and in the complex world of finance, this book is an indispensable guide.” (Charlene-A. Herbain, Intertax, Vol. 46 (5), 2018)​Table of ContentsPart I: Establishing the VAT and Financial Supplies Benchmarks.- Chapter 1. Theories of Consumption and the Consequences of Partial Taxation of Financial Services (Robert F. van Brederode).- Part II: Financial Loans and Intermediary Services.- Chapter 2. Taxing Loan Intermediary Services: Theory and Design Considerations (Robert F. van Brederode).- Chapter 3. Financial Loan Intermediary Services: Argentina (Guillermo Teijeiro).- Chapter 4. Financial Loan Intermediary Services: Australia (Richard Krever).- Chapter 5. Financial Loan Intermediary Services: Brazil (Flavio Rubinstein).- Chapter 6. Financial Loan Intermediation Services: Canada (Simon Thang).- Chapter 7. Financial Loan Intermediary Services: China (Na Li).- Chapter 8. Financial Loan Intermediary Services: China (Joachim Englisch).- Chapter 9. Financial Loan Intermediary Services: Israel (David Goldman).- Chapter 10. Financial Loan Intermediation Services: New Zealand (Marie Pallot).- Chapter 11. Financial Loan Intermediary Services: South Africa (Alwyn de Koker).- Part III: Financial Investments.- Chapter 12. VAT and Financial Investments (Richard Krever).- Chapter 13. VAT and Cost Sharing in the EU (Ine Lejeune).- Chapter 14. A VAT/GST Perspective on Crowdfunding (Sebastian Pfeiffer).- Chapter 15. Financial Investments: European Union (Joachim Englisch).- Chapter 16. Financial Investments: South Africa (Alwyn de Koker).- Part IV: Financial Pooling Services: Insurance and Gambling.- Chapter 17. GST and Insurance: Australia (Richard Krever).- Chapter 18. VAT and Insurance: The European Union (Marta Papis-Almansa).- Chapter 19. GST and Insurance: Singapore (Soo How Koh).- Chapter 20. VAT and Gambling (Fabiola Annacondia).

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Book SynopsisWhat are the requirements of the new intermediate sanctionslaw? What is the definition of an excess benefit transaction? How will financial penalties be determined? How will sanctions be applied? What are the law''s expanded reporting and disclosurerequirements? What can nonprofits do to plan for compliance? These are just some of the questions you may be asking aboutintermediate sanctions, the most important legislation to impactthe nonprofit sector in a generation. This unique guide tacklesthese crucial issues and more, equipping you with the vitalinformation you need to understand the new rules and work with themeffectively. Written by two of the country''s leading authorities on tax-exemptorganizations, Intermediate Sanctions reviews the history andbackground of the act, and systematically examines how this body oflaw promises to affect the operations of public charities and othertax-exempt organizations. Clear and direTable of ContentsPrologue: Suprises in Store. The Law of Intermediate Sanctions. Meaning and Implications of Intermediate Sanctions. The Sanctions and Private Inurement. Specific Applications of the Sanctions. Expanded Reporting and Disclosure Requirements. Planning for Compliance. Epilogue. Appendices. Glossary. Selected Bibliography. Index.

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Book SynopsisThe author of the Transfer Pricing Handbook now covers the often complex transfer pricing rules in nations around the globe. Reviews and analyzes OECD Guidelines. Provides an overview of 27 nation's transfer pricing rules.Table of ContentsPartial table of contents: ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT. Transactional Net Margin Method (D. Wright & C. Nelson). Organization for Economic Cooperation and Development Rules for Intangible Property (D. Wright). THE AMERICAS. Argentina (M. Kent, et al.). Argentina: Advanced Tax Issues (M. Kent, et al.). Canada: Advanced Tax Issues (D. Bale & R. Turner). Chile (M. Kent, et al.). United States (R. Feinschreiber & M. Kent). Venezuela (M. Kent, et al.). ASIA AND AUSTALASIA. Indonesia (R. Darmandi & B. Kesmoeljana). Japan (G. Noble & D. Roach). Kazakhstan (P. Arnett). Singapore (L. Lim, et al.). EUROPE AND AFRICA. Czech Republic (M. Romancov). Denmark (J. Svolgaard). Finland (K. Hiltunen). Norway (E. Ommedal, et al.). Poland (R. Dhuska). Russia (P. Arnett). Switzerland (T. Ralph, et al.). United Kingdom (J. Hobster). COMPREHENSIVE SURVEYS. 1999 Global Transfer Pricing Survey (R. Cooper, et al.). Index.

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Book SynopsisA guide to financial management under adopted and proposed EC initiatives. Topics covered include a survey of EC measures concerning corporate finance, investment patterns and decisions in a single European market, tax laws, tax treaties and tax management, and capital structure decisions.Table of ContentsCorporate finance in a European environment; survey of EC measures concerning corporate finance; from EMS to EMU; investment patterns and decisions in a single European market; European financial institutions and markets; capital structure decisions in a single European market; stockholder relations, investor information and dividend policy; volatilities and exposures in markets for stocks, bonds and foreign exchange; mergers and acquisitions in a single European market; tax laws, tax treaties and tax management.

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Book SynopsisThe Power in the Landchallenges the pessimistic belief, nurtured by the depressions of the last two decades, that unemployment is now a permanent feature our society. The author elaborates policies, based on a radical reform of the tax system, which would banish involuntary unemployment and generate continuous economic growth.

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Book SynopsisTaxing Artificial Intelligence will be essential reading for scholars, policy makers and students across law and economics. It will also be invaluable for law and tax professionals seeking to understand the latest developments in AI, automation, and the future of work.

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Book SynopsisTrade Review‘With his latest publication, Florian does not disappoint. In addition to a comprehensive summary of the evolution of withholding taxes in the EU, Florian provides a clear and concise summary of the issues taxpayers may face today and what tomorrow might hold. He provides very valuable and practical insights to assist with understanding and navigating the current landscape of withholding taxes.’ -- Linda Pfatteicher, Dentons, US‘A remarkable and timely book by an author who knows international tax law inside-out. This book is further proof that Prof. dr. Florian Haase not only knows the history and theory of international tax law, but also understands its practical, cross-border impact for tax authorities and taxpayers alike. A must-read for everyone working in the field of international tax.’ -- Paulus Merks, International Tax Partner, HVK Stevens, the NetherlandsTable of ContentsContents: Preface Table of cases Table of legislation 1 A Brief History of withholding taxes 2 Justification of withholding taxes and general issues 3 Technical and procedural aspects 4 Withholding taxes and tax treaty law 5 Withholding taxes and EU law 6 Future perspectives for withholding taxes 7 Selected EU Member States reviews

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Book SynopsisTaxation and the Green Growth Challenge addresses the pressing issue of how economic growth can be compatible with the fight against climate change, while protecting the environment as much as possible. The book shows how decision-makers must account for the legal value of the environment as being of benefit to future generations.Trade Review‘Prof. Alberto Comelli and his team have produced an outstanding volume – covering taxation for the global challenge of green growth. Chapters written by a distinguished group of international scholars range from carbon pricing and carbon border adjustments, to green hydrogen, energy taxation reform, and controlling waste. Focusing on green growth, the chapters provide a thorough analysis of the challenges, existing and emerging solutions, and detailed recommendations for future work.’ -- Roberta Mann, University of Oregon School of Law, US‘The Critical Issues in Environmental Taxation is a yearly state of the art publication that reflects on the key issues currently occupying the minds of academics, government officials and policy makers in the field of environmental taxation. I would highly recommend it to any tax professional suffering from fear of missing out in relation to this rapidly developing but ever-so-relevant subject.’ -- Tatiana Falcao, Coordinator, Coalition of Finance Ministers for Climate Action (CFMCA), World Bank‘This publication includes a range of interesting analyses giving valuable insights to the green growth topic. There are different ways to make the green train gain speed and the articles can give policy-makers well-reasoned input on suitable tools to apply in their national tool-boxes.’ -- Susanne Åkerfeldt, Senior Adviser, Swedish Ministry of Finance and Co-coordinator of the UN Subcommittee on Environmental Tax IssuesTable of ContentsContents: Foreword: Taxation and green growth – the role of carbon pricing xiii Alberto Majocchi PART I GREEN GROWTH CHALLENGE GENERAL ISSUES 1 Taxation for green growth: a mission-oriented approach 2 Rafaela Cristina Oliari and Carlos Araújo Leonetti 2 Multilevel inconsistencies in environmental taxation: some evidence from the Italian case 15 Andrea Zatti 3 The role of taxation in the ecological transition: the social and solidarity economy (SSE) perspective 35 Giulia Boletto PART II GREEN GROWTH, CARBON PRICING AND CBAM 4 Carbon Border Adjustment Mechanism: potential and critical aspects 54 Olimpia Fontana 5 The Achilles heel of border carbon adjustments: unintended effects on developing countries 69 María Amparo Grau Ruiz PART III GREEN GROWTH, TAX INCENTIVES AND SUBSIDIES 6 Green hydrogen mitigates the EU’s energy dependence and leads to climate neutrality in 2050 85 María de los Angeles Diez Moreno 7 Climate-counterproductive subsidies in Austria – an economic and legal assessment of the status quo and reform options 100 Daniela Kletzan-Slamanig, Angela Köppl, Franz Sinabell, Reinhard Schanda, Martino Heher, Alexander Rimböck, Stella Müller, Thomas Voit and Sabine Kirchmayr PART IV GREEN GROWTH AND ENERGY TAXATION 8 Time for a windfall profit tax? Electricity market design in times of crises 114 Claudia Kettner, Michael Böheim and Margit Schratzenstaller 9 Impact of an energy taxation reform on Italian corporations: simulation results using the Istat-Matis.b model 131 Cristina Brandimarte and Antonella Caiumi 10 Negative externalities in the transport sector: European efforts to align transport prices with external costs through market-based instruments 145 Marina Bisogno PART V GREEN GROWTH, CIRCULAR ECONOMY AND TAX REFORMS 11 The new Spanish tax on waste within the framework of the European Union goals on the circular economy 160 Rodolfo Salassa Boix 12 Green tax reform in China: from pollution discharge fee system to environmental protection tax 171 Yanmin He and Jingfei Che PART VI GREEN GROWTH, TAXATION AND CASE STUDIES 13 The role of EU taxation for a more sustainable fashion industry 184 Cristina Trenta 14 The definition of waste for the purposes of its possible taxation: the Italian experience between European profiles and possible comparisons 199 Alessia Marano 15 Environmental taxation on oil and gas extraction in Senegal in the context of fiscal stabilization in oil and gas contracts 214 Jacqueline Cottrell and Marie Wettingfeldt Index 231

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Book Synopsis

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Book Synopsis

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Book SynopsisProposing innovative ideas on the links between taxation, citizenship and democracy, this multidisciplinary book contributes to ongoing research and scholarship by emphasizing the importance of taxes to the functioning of democracy.

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Book Synopsis

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Book SynopsisThis thoroughly revised third edition of the Advanced Introduction to International Tax Law provides an incisive overview of the key issues surrounding taxation and international law. Reuven S. Avi-Yonah explores the nuances of varying taxation systems using relevant and current case studies.

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Book SynopsisEffective strategies for non-profit entities in a profit-based world Joint Ventures Involving Tax-Exempt Organizationsexamines the procedures, rules, and regulations surrounding joint ventures and partnerships, emphasizing tax-exempt status preservation. Revised and updated to align with current 2017 Tax Act, this supplement offers expert interpretation and practical guidance to professionals seeking a complete reference, including an analysis of impact of the siloing of the UBIT rules, the new Opportunity Zone Funds which will incentivize investors in designated census tracts, inter alia. Sample documents enable quick reference and demonstrate real-world application of new laws and guidelines. The discussion delves into planning strategies that can be applied to joint ventures and partnerships while maintaining tax-exempt status, and which joint ventures are best suited for a particular organization. Widely accepted business strategies for profit-Table of ContentsPreface xi Acknowledgments xv Chapter 1: Introduction: Joint Ventures Involving Exempt Organizations 1 1.4 University Joint Ventures 1 1.5 Low-Income Housing and New Markets Tax Credit Joint Ventures 1 1.6 Conservation Joint Ventures 2 1.8 Rev. Rul. 98-15 and Joint Venture Structure (New) 2 1.10 Ancillary Joint Ventures: Rev. Rul. 2004-51 2 1.14 The Exempt Organization as a Lender or Ground Lessor 2 1.15 Partnership Taxation 3 1.17 Use of a Subsidiary as a Participant in a Joint Venture 3 1.22 Limitation on Private Foundation’s Activities That Limit Excess Business Holdings 4 1.24 Other Developments 4 Chapter 2: Taxation of Charitable Organizations 5 2.1 Introduction (Revised) 5 2.2 Categories of Exempt Organizations 10 2.3 § 501(c)(3) Organizations: Statutory Requirements (Revised) 12 2.6 Application for Exemption (Revised) 13 2.7 Governance (Revised) 20 2.8 Form 990: Reporting and Disclosure Requirements 21 2.10 The IRS Audit 22 2.11 Charitable Contributions 26 Chapter 3: Taxation of Partnerships and Joint Ventures 33 3.1 Scope of Chapter (New) 33 3.3 Classification as a Partnership 36 3.4 Alternatives to Partnerships 36 3.7 Formation of Partnership (New) 36 3.8 Tax Basis in Partnership Interest (Revised) 37 3.9 Partnership Operations 37 3.11 Sale or Other Disposition of Assets or Interests (Revised) 38 3.12 Other Tax Issues (Revised) 39 Chapter 4: Overview: Joint Ventures Involving Exempt Organizations 43 4.1 Introduction (New) 43 4.2 Exempt Organization as General Partner: A Historical Perspective (Revised) 44 4.6 Revenue Ruling 2004-51 and Ancillary Joint Ventures 46 4.9 Conversions from Exempt to For-Profit and from For-Profit to Exempt Entities 46 4.10 Analysis of a Virtual Joint Venture 47 Chapter 5: Private Benefit, Private Inurement, and Excess Benefit Transactions 49 5.1 What Are Private Inurement and Private Benefit? 49 5.2 Transactions in Which Private Benefit or Inurement May Occur 50 5.3 Profit-Making Activities as Indicia of Nonexempt Purpose 51 5.4 Intermediate Sanctions (Revised) 51 5.7 State Activity with Respect to Insider Transactions 53 Chapter 6: Engaging in a Joint Venture: The Choices 55 6.1 Introduction (New) 55 6.2 LLCs 56 6.3 Use of a For-Profit Subsidiary as Participant in a Joint Venture (Revised) 56 6.5 Private Foundations and Program-Related Investments (Revised) 60 6.6 Nonprofits and Bonds 64 6.7 Exploring Alternative Structures 66 6.8 Other Approaches (Revised) 67 Chapter 7: Exempt Organizations as Accommodating Parties in Tax Shelter Transactions 71 7.2 Prevention of Abusive Tax Shelters 71 7.3 Excise Taxes and Penalties 72 Chapter 8: The Unrelated Business Income Tax 73 8.1 Introduction 73 8.3 General Rule (Revised) 74 8.4 Statutory Exceptions to UBIT (New) 75 8.5 Modifications to UBIT (New) 75 8.7 Calculation of UBIT (New) 75 Chapter 9: Debt-Financed Income 81 9.1 Introduction 81 9.2 Debt-Financed Property (Revised) 81 9.6 The Final Regulations 82 Chapter 10: Limitation on Excess Business Holdings 85 10.1 Introduction 85 10.2 Excess Business Holdings: General Rules (Revised) 85 10.3 Tax Imposed 86 10.4 Exclusions (Revised) 86 Chapter 12: Healthcare Entities in Joint Ventures 89 12.1 Overview (New) 89 12.2 Classifications of Joint Ventures 90 12.3 Tax Analysis (Revised) 90 12.4 Other Healthcare Industry Issues 93 12.5 Preserving the 50/50 Joint Venture (Revised) 93 12.9 Government Scrutiny 94 12.11 The Patient Protection and Affordable Care Act of 2010: 501(r) and Other Statutory Changes Impacting Nonprofit Hospitals 94 12.12 The Patient Protection and Affordable Care Act of 2010: ACOs and Co-Ops: New Joint Venture Healthcare Entities 97 Chapter 13: Low-Income Housing, New Markets, Rehabilitation, and Other Tax Credit Programs 99 13.3 Low-Income Housing Tax Credit (Revised) 99 13.4 Historic Investment Tax Credit 100 13.6 New Markets Tax Credits (Revised) 104 13.10 The Energy Tax Credits 120 13.11 The Opportunity Zone Funds: New Section 1400Z-1 and Section 1400Z-2 (New) 121 Chapter 14: Joint Ventures with Universities 131 14.1 Introduction (New) 131 14.5 Faculty Participation in Research Joint Ventures 136 14.6 Nonresearch Joint Venture Arrangements 136 14.7 Modes of Participation by Universities in Joint Ventures (Revised) 137 Chapter 15: Business Leagues Engaged in Joint Ventures 141 15.1 Overview (Revised) 141 15.2 The Five-Prong Test 142 15.3 Unrelated Business Income Tax 142 Chapter 16: Conservation Organizations in Joint Ventures 143 16.1 Overview 143 16.2 Conservation and Environmental Protection as a Charitable or Educational Purpose: Public and Private Benefit (Revised) 143 16.3 Conservation Gifts and 170(h) Contributions (Revised) 144 16.7 Emerging Issues (Revised) 156 Chapter 17: International Joint Ventures 159 17.5 General Grantmaking Rules 159 17.11 Application of Foreign Tax Treaties (Revised) 160 Chapter 19: Debt Restructuring and Asset Protection Issues 163 19.1 Introduction (New) 163 19.2 Overview of Bankruptcy (Revised) 163 19.3 The Estate and the Automatic Stay (Revised) 164 19.4 Case Administration (Revised) 165 19.5 Chapter 11 Plan (Revised) 165 19.6 Discharge (New) 166 Index 167

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Book SynopsisTable of ContentsPreface ix Book Citations xi 1 Introduction to Private Foundations 1 § 1.1 Private Foundations: Unique Organizations 1 § 1.2 Definition of Private Foundation 1 § 1.7 Operating for Charitable Purposes 1 § 1.9 Private Foundation Sanctions 2 § 1.10 Statistical Profile 9 2 Starting, Funding, and Governing a Private Foundation 11 § 2.1 Choice of Organizational Form 11 § 2.5 Acquiring Recognition of Tax-Exempt Status 11 § 2.6 Special Requirements for Charitable Organizations 12 § 2.7 When to Report Back to the IRS 12 3 Types of Private Foundations 15 § 3.1 Private Operating Foundations 15 § 3.3 Conduit Foundations 16 § 3.9 Foreign Private Foundations 16 4 Disqualified Persons 17 § 4.1 Substantial Contributors 17 § 4.2 Foundation Managers 17 § 4.3 Certain 20 Percent Owners 17 § 4.4 Family Members 18 5 Self-Dealing 19 § 5.1 Private Inurement Doctrine 19 § 5.2 Private Benefit Doctrine 20 § 5.3 Definition of Self-Dealing 22 § 5.3A Excess Compensation Tax 23 § 5.4 Sale, Exchange, Lease, or Furnishing of Property 28 § 5.5 Loans and Other Extensions of Credit 29 § 5.6 Payment of Compensation 30 § 5.8 Uses of Income or Assets by Disqualified Persons 30 § 5.11 Indirect Self-Dealing 32 § 5.12 Property Held by Fiduciaries 40 § 5.14 Additional Exceptions 48 § 5.15 Issues Once Self-Dealing Occurs 48 6 Mandatory Distributions 55 § 6.1 Distribution Requirements—in General 55 § 6.2 Assets Used to Calculate Minimum Investment Return 55 § 6.5 Qualifying Distributions 56 7 Excess Business Holdings 57 § 7.1 General Rules 57 § 7.2 Permitted and Excess Holdings 59 § 7.3 Functionally Related Businesses 60 8 Jeopardizing Investments 61 § 8.2 Prudent Investments 61 § 8.3 Program-Related Investments 61 9 Taxable Expenditures 63 § 9.1 Legislative Activities 63 § 9.2 Political Campaign Activities 64 § 9.3 Grants to Individuals 64 § 9.5A Funding of Employee Hardship Programs 67 § 9.6 Grants to Foreign Organizations 73 § 9.9 Spending for Noncharitable Purposes 73 § 9.10A Distributions to Group Exemption Organizations 74 § 9.11 Excise Tax for Taxable Expenditures 76 10 Tax on Investment Income 77 § 10.1 Rate of Tax 77 § 10.3 Formula for Taxable Income 77 § 10.5 Foreign Foundations 78 11 Unrelated Business Activity 79 § 11.2 Exceptions 79 § 11.3 Rules Specifically Applicable to Private Foundations 80 § 11.4 Unrelated Debt-Financed Income Rules 80 § 11.5 Calculating and Reporting the Tax 81 12 Tax Compliance and Administrative Issues 89 13 Termination of Foundation Status 91 § 13.1 Voluntary Termination 91 § 13.3 Transfer of Assets to a Public Charity 91 § 13.4 Operation as a Public Charity 91 § 13.6 Termination Tax 91 14 Charitable Giving Rules 93 § 14.1 Concept of Gift 93 § 14.2 Basic Rules 94 § 14.4 Deductibility of Gifts to Foundations 94 § 14.5 Qualified Appreciated Stock Rule 94 § 14.9 Administrative Considerations 95 15 Private Foundations and Public Charities 101 § 15.2 Evolution of Law of Private Foundations 101 § 15.3 Organizations with Inherently Public Activity 101 § 15.4 Publicly Supported Organizations—Donative Entities 103 § 15.5 Service Provider Organizations 104 § 15.7 Supporting Organizations 106 § 15.8 Change of Public Charity Category 106 § 15.9 Noncharitable Supported Organizations 108 16 Donor-Advised Funds 109 § 16.1 Basic Definitions 109 § 16.3 Types of Donor Funds 109 § 16.9 Statutory Criteria 109 § 16.12 Tax Regulations 110 § 16.13 DAF Statistical Portrait 110 § 16.14 Criticisms and Commentary 112 17 Corporate Foundations 121 § 17.3A Private Benefit Doctrine 121 § 17.5 Self-Dealing Rules 122 § 17.6 Other Private Foundations Rules 122 Table of Cases 123 Table of IRS Revenue Rulings and Revenue Procedures 129 Table of IRS Private Determinations Cited in Text 133 Table of IRS Private Letter Rulings, Technical Advice Memoranda, and General Counsel Memoranda 141 About the Author 157 About the Online Resources 159 Cumulative Index 161

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Book SynopsisDuring the Great Depression,the proliferation of local taxpayers' associations was dramatic and unprecedented. The justly concerned members of these organizations examined the operations of state, city, and county governments, then pressed local officials for operational and fiscal reforms. These associationsaimed to reduce the cost of state and local governments to make operationsmore efficient and less expensive. Mr. Taxpayer versus Mr. Tax Spenderpresents a comprehensive overview of thesegrassrootstaxpayers' leagues beginning in the 1860s and shows how they evolved during their heyday in the 1930s. Linda Upham-Bornstein chronicles the ways thesetaxpayers associations organized as well as the tools they usedconstructive economy, political efforts, tax strikes, and tax revolt through litigationtoachieve their objectives. Taxpayer activity was a direct consequence ofand a response tothe economic crisis of the Great Depression and the expansion of the size and scope of government.MrTrade Review“Nobody else has comprehensively detailed the activities of tax protesters during the Great Depression, and Upham-Bornstein does this very effectively. This book will prove beyond a shadow of a doubt that taxpayer politics are a long-standing American tradition. ‘Mr. Taxpayer versus Mr. Tax Spender’ provides useful analyses of how these movements relate to trends in law and politics, as it provides a wealth of empirical details and richness for this relatively understudied topic.”—Lawrence Glickman, Professor of American Studies at Cornell University, and author of Free Enterprise: An American History“In the depth of the Great Depression, middle-class property owners spontaneously organized to ‘raise hell and lower taxes.’ This extensively researched, sensibly organized, and thoughtfully argued book presents nonpartisan political activism, judicial intervention into local government, and a pivotal moment in the fiscal history of the United States. It also reaches a surprising but utterly convincing conclusion: most tax revolters sought not a smaller government but a more efficient and progressive one.”—Daniel R. Ernst, Carmack Waterhouse Professor of Legal History at Georgetown University Law Center, and author of Tocqueville’s Nightmare: The Administrative State Emerges in America, 1900–1940

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Book SynopsisDuring the Great Depression,the proliferation of local taxpayers' associations was dramatic and unprecedented. The justly concerned members of these organizations examined the operations of state, city, and county governments, then pressed local officials for operational and fiscal reforms. These associationsaimed to reduce the cost of state and local governments to make operationsmore efficient and less expensive. Mr. Taxpayer versus Mr. Tax Spenderpresents a comprehensive overview of thesegrassrootstaxpayers' leagues beginning in the 1860s and shows how they evolved during their heyday in the 1930s. Linda Upham-Bornstein chronicles the ways thesetaxpayers associations organized as well as the tools they usedconstructive economy, political efforts, tax strikes, and tax revolt through litigationtoachieve their objectives. Taxpayer activity was a direct consequence ofand a response tothe economic crisis of the Great Depression and the expansion of the size and scope of government.MrTrade Review“Nobody else has comprehensively detailed the activities of tax protesters during the Great Depression, and Upham-Bornstein does this very effectively. This book will prove beyond a shadow of a doubt that taxpayer politics are a long-standing American tradition. ‘Mr. Taxpayer versus Mr. Tax Spender’ provides useful analyses of how these movements relate to trends in law and politics, as it provides a wealth of empirical details and richness for this relatively understudied topic.”—Lawrence Glickman, Professor of American Studies at Cornell University, and author of Free Enterprise: An American History“In the depth of the Great Depression, middle-class property owners spontaneously organized to ‘raise hell and lower taxes.’ This extensively researched, sensibly organized, and thoughtfully argued book presents nonpartisan political activism, judicial intervention into local government, and a pivotal moment in the fiscal history of the United States. It also reaches a surprising but utterly convincing conclusion: most tax revolters sought not a smaller government but a more efficient and progressive one.”—Daniel R. Ernst, Carmack Waterhouse Professor of Legal History at Georgetown University Law Center, and author of Tocqueville’s Nightmare: The Administrative State Emerges in America, 1900–1940

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Book SynopsisThis is the 10th edition of John Tiley’s classic textbook on revenue law, covering the UK tax system, income tax, capital gains tax, inheritance tax and corporation tax, as well as incorporating sections dealing with international and European tax, savings, charities, and - new to this edition - value added tax and stamp duties. The new edition has been comprehensively revised and fully updated with the latest case law, statutory and other developments, including the Finance Act 2021. The book’s companion website provides bonus chapters on investment intermediaries, pensions, charities, and the UK’s value added tax and stamp duties. The companion website will also supply annual updates to the print edition as well as study questions to help students navigate this complex subject. The book is designed for students taking modules in tax law in the final year of their law degree, or for more advanced courses. It is also a valuable resource for academics and professionals in the field. It provides an account of the rules as well as citation of the relevant literature from legal periodicals and some discussion of, or reference to, the background material in terms of policy, history or other countries’ tax systems to give readers a contextual overview of the subject. Accompanying online resources for this title can be found at bloomsbury.pub/tileys-revenue-law. These resources are designed to support teaching and learning when using this textbook and are available at no extra cost.Table of ContentsPART I: INTRODUCTION TO UK TAX LAW 1. Definitions and Theories 2. Jurisdiction: The Taxing Power 3. Sources 4. The Setting of the Tax System 5. Tax Avoidance PART II: INCOME TAX 6. Historical Introduction 7. Income Tax: Basic Concepts 8. The Tax Unit 9. Taxation and Social Security 10. Deductions and Credits for Taxpayer Expenditure and Losses 11. Personal Reliefs and Tax Reductions 12. Calculations 13. Employment Income: Scope and PAYE 14. Employment Income: Emoluments/Earnings 15. Benefits in Kind and the Convertibility Principle 16. The Benefits Code and Exemptions 17. Employee Share Schemes 18. Employment Income: Deductions and Expenses 19. Business Income—Part I: Scope 20. Business Income—Part II: Basis of Assessment and Loss Relief 21. Business Income—Part III: Principles and Receipts 22. Business Income—Part IV: Trading Expenses 23. Business Income—Part V: Timing and Trading Stock (Inventory) 24. Capital Allowances 25. Income from Land in the United Kingdom 26. Savings Income: Interest and Premium, Bond and Discount 27. Miscellaneous Income Including Annual Payments 28. Income Not Otherwise Charged 29. Trusts 30. Death and Estates 31. Income Splitting: Arrangements and Settlements PART III: CAPITAL GAINS TAX 32. Introduction and Policy 33. Structure and Elements 34. Assets 35. Disposals: (1) General 36. Disposals: (2) Gifts, Bargains Not at Arm’s Length and Other Gratuitous Transactions 37. Leases 38. Options 39. Death 40. Trusts 41. Shares, Securities and Other Fungible Assets 42. Capital Gains Tax and Business 43. Computation of Gains PART IV: INHERITANCE TAX 44. Inheritance Tax: Introduction 45. Transfers of Value by Disposition 46. Death 47. Gifts with Reservation 48. Settled Property: Introduction 49. Trusts with Interests in Possession 50. Relevant Property Trusts with No Qualifying Interest in Possession 51. Favoured Trusts 52. Companies 53. Exempt Transfers: Conditions and Allocation Where Partly Exempt 54. Particular Types of Property 55. Valuation: Rules, Charges and Reliefs 56. Accountability and Administration 57. Incidence of Tax 58. International PART V: CORPORATION TAX 59. Corporation Tax—Introduction, History and Policy 60. Structure 61. Distributions 62. Computation (1): General Rules 63. Computation (2): Accounting-based Rules for Specific Transactions 64. Groups and Consortium Companies: General 65. Control, Groups and Consortium Companies: Capital Gains 66. Exempt Distributions: Demergers 67. Close Companies 68. Anti-avoidance: Special Provisions PART VI: INTERNATIONAL AND EUROPEAN UNION TAX 69. International Tax: Introduction and Connecting Factors 70. Enforcement of Foreign Revenue Laws 71. UK Residents and Foreign Income 72. Source: The Non-resident and the UK Tax System 73. Controlled Foreign Companies 74. Capital Gains 75. Unilateral Relief Against Double Taxation 76. Double Taxation: UK Treaty Relief 77. European Union Tax Law Bonus chapters – available on Companion Website: PART VII: TAX-PREFERRED SAVINGS AND CHARITIES 78. Favoured Methods 79. Investment Intermediaries 80. Pensions 81. Charities 82. Value Added Tax and Stamp Duties

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