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Double taxation. Double taxation is the levying of tax by two or more jurisdictions on the same income (in the case of income taxes ), asset (in the case of capital taxes ), or financial transaction (in the case of sales taxes ). Double liability may be mitigated in a number of ways, for example, a jurisdiction may: fully tax the foreign-source ...
The Selective Training and Service Act of 1940, also known as the Burke–Wadsworth Act, Pub. L.Tooltip Public Law (United States) 76–783, 54 Stat. 885, enacted September 16, 1940, [ 1 ] was the first peacetime conscription in United States history. This Selective Service Act required that men who had reached their 21st birthday but had not ...
Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items. Examples include exemption of charitable ...
Impunity. Impunity is the ability to act with exemption from punishments, losses, or other negative consequences. [ 1] In the international law of human rights, impunity is failure to bring perpetrators of human rights violations to justice and, as such, itself constitutes a denial of the victims' right to justice and redress.
Grandfather clause. A grandfather clause, also known as grandfather policy, grandfathering, or being grandfathered in, is a provision in which an old rule continues to apply to some existing situations while a new rule will apply to all future cases. Those exempt from the new rule are said to have grandfather rights or acquired rights, or to ...
Personal exemption. Under United States tax law, a personal exemption is an amount that a resident taxpayer is entitled to claim as a tax deduction against personal income in calculating taxable income and consequently federal income tax. In 2017, the personal exemption amount was $4,050, though the exemption is subject to phase-out limitations.
United States free speech exceptions. The Bill of Rights in the National Archives. In the United States, some categories of speech are not protected by the First Amendment. According to the Supreme Court of the United States, the U.S. Constitution protects free speech while allowing limitations on certain categories of speech. [ 1]
Exemption may refer to: . Tax exemption, which allows a certain amount of income or other value to be legally excluded to avoid or reduce taxation; Exemption (Catholic canon law), an exemption in the Roman Catholic Church, that is the whole or partial release of an ecclesiastical person, corporation, or institution from the authority of the ecclesiastical superior next higher in rank