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Definitions from WordNet | ||||
Definitions from the WebTax LawDefinition:Tax law refers to the legal system that governs the collection, assessment, and regulation of taxes by a government entity. It encompasses the rules and regulations concerning the imposition and calculation of taxes on individuals, businesses, and organizations. Senses:Sense 1:Noun - The body of laws and regulations that govern tax-related matters in a particular country or jurisdiction. Sample sentence:The tax law in the United States underwent significant changes after the implementation of the Tax Cuts and Jobs Act. Sense 2:Noun - A specific law within the broader tax legislation, addressing a particular aspect of taxation. Sample sentence:The new tax law introduced a provision that offers tax benefits for investments in renewable energy projects. Sense 3:Noun - The specialized field of legal practice that focuses on advising and representing clients in matters related to taxes and tax disputes. Sample sentence:John hired a tax law attorney to assist him with his complex tax audit. Sense 4:Adjective - Describing something as related to tax laws or the legal aspects of taxes. Sample sentence:The company hired a team of tax law experts to ensure compliance with all applicable tax regulations. Related Products: | ||||
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