FratFiles

• Save Paper

INTRODUCTION

Tax has been variously defined over the years. These definitions, when looked at as a whole gives a more comprehensive picture of the phenomenon as opposed to a single definition. According to the Oxford English Dictionary the word ‘tax' refers to a compulsory contribution to the support of government levied on persons, property, income, commodities, transactions, etc, now at a fixed rate mostly proportionate to the amount on which the contribution is levied. While this serves in crude terms to tell us what a tax is, it is however deficient in the sense that it does not reveal the purpose of taxation. We however find more scholarly definitions in decided cases. For instance, in MATTHEWS v. CHICORY MARKETING BOARD it was held that a tax is:

"A compulsory exertion of money by a public authority for public purposes, or taxation is raising money for the purpose of government by means of contribution of individual persons."

In US v. BUTLER it was opined per......

View the rest of this paper...

Approximate Word Count: 2957
Approximate Pages: 12 (250 words per double-spaced page)

Similar Essays

1. A Critical Appraisal Of The Components Of Taxation In Nigeria...
   

   A critical appraisal of the components of taxation in Nigeria and proposals for law reforms INTRODUCTION Tax has been variously defined over the years. These definitions, when

2. Conflict Resolution And Governance In Nepal
   

   Guatemala and Somalia. Washington, D.C: The World Bank. Cot, Jean-Pierre. (1974). "Critical Remarks on John Burton's Paper on Resolution of Conflict with Special Reference

3. 
   

4. 
   

5.