Legal Definitions - quoad fiscum

QUOAD FISCUM

Quoad fiscum is a Latin term that means "with regard to the fisc" or "as regards the Crown's rights." It refers to the legal principle that the government has the right to collect taxes and other revenues from its citizens.

For example, if a person fails to pay their taxes, the government can take legal action against them quoad fiscum, meaning that they can use their authority to collect the owed taxes and any associated penalties or fines.

Another example is when a company violates a regulation that affects the government's revenue, such as environmental regulations that affect the sale of natural resources. In this case, the government can take legal action quoad fiscum to protect its financial interests.

The examples illustrate how the government can use its authority to protect its financial interests quoad fiscum. This legal principle gives the government the power to collect taxes and other revenues, as well as to enforce regulations that affect its revenue streams. It is an important concept in taxation and government regulation, as it allows the government to maintain its financial stability and protect its interests.