A tax is a payment to the state.
The payment is not made voluntarily nor in consequence of a
freely negotiated bargain,
Taxes take private wealth and place it in the hands of the
Its on Moodle.
state, and do so compulsorily.
Cheryl Sacks addresses a
question that is crucial
to the tax treatment of
expenses and receipts
here is no simple test for or statutory
definition of capital. Guidance