Fundamental Principles of Taxation Quiz

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10 Questions

Which of the following is an inherent power of the State in taxation?

Power of Eminent Domain

What is the nature of the Power of Eminent Domain?

An attribute of sovereignty

What is the basis for the Power of Eminent Domain?

Genuine necessity of a public character

Which of the following is NOT an essential requisite for the Power of Eminent Domain?

Observance of Due Process

What is the inherent power of the State to enact laws, statutes, orders, and ordinances called?

Police Power of the State

Which of the following is an attribute of sovereignty?

Inherent power of the State to take private property

What is the basis for the Power of Eminent Domain?

Genuine necessity of public character

Which of the following is NOT an essential requisite for the Power of Eminent Domain?

Payment of just compensation

What is the inherent power of the State to enact laws, statutes, orders, and ordinances called?

Police power

What is an attribute of sovereignty?

Inherent power of the State to enact laws

Test your knowledge on the fundamental principles of taxation with this quiz! Explore topics such as the inherent powers of the state, the inseparability of sovereignty, and the power of eminent domain. Challenge yourself and enhance your understanding of these key concepts in taxation.

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