/lɔ ʌv tækˈseɪʃən/ – Phrase
Definition: xch tax law.
A more thorough explanation: The legal English definition of the term “law of taxation” refers to the body of rules and regulations that govern the imposition and collection of taxes by a government. This includes statutes, regulations, and judicial decisions that outline the procedures for determining tax liabilities, assessing taxes, and enforcing tax laws. The law of taxation also covers issues such as tax exemptions, deductions, credits, and penalties for non-compliance.
Example: The law of taxation requires individuals to report their income accurately to the tax authorities.