General Principles of Taxation Quiz
15 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the nature of the power of taxation?

  • Inherent and essentially a legislative function (correct)
  • Limited and non-revenue generating
  • Non-legislative and non-inherent
  • Primarily for social welfare purposes

What is the primary objective of taxation?

  • To collect tax and raise revenues for government support (correct)
  • To control the population through financial means
  • To promote economic growth and development
  • To redistribute wealth among citizens

What are the characteristics of the power of taxation?

  • Flexible, temporary, and non-governmental
  • Limited, non-legislative, and non-inherent
  • Restricted, non-essential, and non-revenue generating
  • Comprehensive, plenary, unlimited, and supreme (correct)

On what is taxation based?

<p>Taxation is based on necessity and reciprocal duties of protection and support (B)</p> Signup and view all the answers

What are the purposes of taxation?

<p>To collect revenue for government expenses and functions (C)</p> Signup and view all the answers

What is the nature of the power of taxation?

<p>It is essentially a legislative function (A)</p> Signup and view all the answers

What is the primary objective of taxation?

<p>To collect tax and raise revenues for government support (A)</p> Signup and view all the answers

What are the limitations of the power of taxation?

<p>It is subject to inherent and constitutional limitations (A)</p> Signup and view all the answers

What is the scope of power of taxation?

<p>It is comprehensive, plenary, unlimited, and supreme (D)</p> Signup and view all the answers

What are the bases of taxation?

<p>Necessity and reciprocal duties of protection and support (A)</p> Signup and view all the answers

What are the bases of taxation?

<p>Necessity and reciprocity (D)</p> Signup and view all the answers

What is the primary objective of taxation?

<p>To collect tax and to raise revenues for support to the government (B)</p> Signup and view all the answers

What is the nature of the power of taxation?

<p>Separate from the State (C)</p> Signup and view all the answers

What is the scope of power of taxation?

<p>Comprehensive, plenary, unlimited, and supreme (A)</p> Signup and view all the answers

What are the characteristics of taxation?

<p>Inherent, comprehensive, and supreme (C)</p> Signup and view all the answers

More Like This

Business Taxation: Impact and Challenges
3 questions
Taxation of Business Assets and Losses
29 questions
Business Taxation Basics
10 questions
Use Quizgecko on...
Browser
Browser