Comparative Tax Law: Edition 2

The authors elucidate the commonalities and differences across countries in areas including (much of the detail new to the second edition):

• • general anti-avoidance rules;
• • court decisions striking down tax laws as violating constitutional rules against retroactivity, unequal treatment of equals, confiscation, and undue vagueness;
• • statutory interpretation;
• • inflation adjustment rules and the allowance for corporate equity;
• • value added tax systems;
• • concepts such as “tax”, “capital gain”, “tax avoidance”, and “partnership”;
• • corporate-shareholder tax systems;
• • the relationship between tax and financial accounting;
• • taxation of investment income;
• • tax authorities’ ability to obtain and process information about taxpayers; and
• • systems of appeals from tax assessments.

The information and analysis pull together valuable material which is scattered over a disparate literature, much of it not available in English.

Especially considering the dynamic nature of tax law, whose rate of change exceeds that of any other field of law, the authors’ clear identification of the underlying patterns and fundamental structures that all tax systems have in common—as well as where the differences lie—guides the reader and offers resources for further research.