Which factors are essential when interpreting tax legislation according to the Green Book?

Legislative intent and context of the law are crucial factors in interpreting tax legislation because they provide insight into the purpose behind the law and the circumstances under which it was enacted. Understanding legislative intent allows interpreters to grasp what lawmakers were aiming to achieve, which can guide the application of the law in various situations. The context encompasses the broader legal framework and social conditions at the time of legislation, ensuring that the law is applied consistently with its underlying goals. This approach helps in resolving ambiguities and ensures that interpretations reflect the aims of the legislative body, rather than merely applying the text in a vacuum.