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Concept
Domicile is a legal concept that refers to the permanent home of an individual, which determines their legal rights and obligations in various jurisdictions. It is distinct from residence, as domicile requires both physical presence and the intention to remain indefinitely, impacting matters such as taxation, jurisdiction, and succession laws.
Concept
Residency is like having a special house where you live and learn to be a helper, like a doctor or a teacher. It's a time when you practice a lot so you can get really good at helping people and doing your job well.
Jurisdiction refers to the legal authority granted to a court or legal body to make decisions and judgments in a particular geographical area or over certain types of legal cases. It is a fundamental principle that determines which court system can hear a case and enforce laws, ensuring the orderly administration of justice.
Concept
Taxation is a system through which governments finance their expenditure by imposing charges on citizens and corporate entities. It is a crucial tool for redistributing wealth, influencing economic behavior, and funding public services and infrastructure.
Legal residence, also known as domicile, is the place where an individual has a fixed and permanent home and to which they intend to return whenever absent. It is significant for determining various legal rights and obligations, including tax liabilities, voting rights, and jurisdiction for legal proceedings.
A permanent home is a stable and enduring living environment that provides individuals or families with a sense of security, belonging, and identity. It often serves as a central place for personal history and memories, contributing significantly to one's emotional and psychological well-being.
Concept
Civil law is a legal system originating in Europe, characterized by comprehensive statutes and codes as primary sources of law, rather than case law. It emphasizes written laws and is distinct from common law systems, which rely heavily on judicial precedents.
Conflict of laws, also known as private international law, addresses the rules and principles determining which jurisdiction's legal system applies to a given legal dispute involving foreign elements. It ensures that cases with cross-border implications are resolved fairly and predictably by identifying the most appropriate legal framework and jurisdiction for adjudication.
Residence-based taxation is a system where individuals and entities are taxed based on their residency status rather than the source of their income. This approach often involves determining tax liability through factors like domicile, habitual abode, or substantial presence within a country.
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