Tax Reform
/ˈtæks rɪˌfɔrm/
Definitions
- (n.) The process of changing tax laws or policies to improve fairness, efficiency, or revenue.
The government proposed a tax reform to simplify the income tax code.
- (n.) Legislative changes aimed at altering taxation structures, rates, or enforcement mechanisms.
Tax reform often arises in response to economic shifts or political priorities.
Forms
- tax reform
Related terms
See also
Commentary
Tax reform generally refers to formal legislative or policy changes rather than informal adjustments; clarity in scope is important when drafting related documents.
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.