This course builds on what students have learned in Federal Income tax and introduces a conceptual approach to the different tax systems in use around the world. Viewing the way in which countries raise revenue as an important part of their overall internal and external economic affairs, the course discusses important tax policy goals — fairness, efficiency, and simplicity. It places these goals in the context of such frequently used tax bases as wealth, income, and property. It also looks at systems of social security taxation, value added taxes, and the international aspects of individual income taxation. It focuses as well on procedural topics such as the tax legislative process and statutory drafting. Students who are interested in tax and in international economic affairs are encouraged to enroll. Federal Income taxation is a pre- or corequisite.