Tax Policy
/ˈtæks ˈpɒlɪsi/
Definitions
- (n.) A system of laws and regulations governing taxation implemented by a government.
The government's new tax policy aims to reduce income inequality.
- (n.) The strategic approach or plan adopted by lawmakers and authorities regarding tax rates, tax bases, and enforcement.
Changes in tax policy can influence economic growth and investment decisions.
Forms
- tax policy
- tax policies
Related terms
See also
Commentary
Tax policy typically refers both to the legal framework of tax rules and the broader strategic objectives shaping those rules.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.