can you respond to this classmate.

Tax Law are the legal rules and procedures that the governing how the federal, state and the local government the taxes that you will owe to them. This law will cover many of ours and companies properties as well from income, luxury, estate, and property taxes. Tax compliance is a official document issued by KRA once satisfied that the taxpayer has complied with the tax laws by filing the returns and making the right payment for it. In the United States, tax law is established by the federal government through the Internal Revenue Service (IRS). Tax compliance is the responsibility of the taxpayer, though the IRS may provide guidance on how to comply with the law. Other countries have similar arrangements, with a government agency responsible for establishing tax law and another responsible for enforcing compliance. One example that recently happened was the tax cuts and jobs act of 2017 that reduced the corporate tax rate from 35 percent to 21 percent." This had a positive effect on my job, as the company I work for was able to use the savings to invest in new equipment and hire additional staff.