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Nature of Taxation

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Questions and Answers

What is the power by which the sovereign state raises revenue to defray necessary expenses of government?

Taxation

According to the 'lifeblood theory', why is taxation considered crucial for the government?

No government can survive without it

What are the other two inherent powers of a sovereign state besides taxation?

Power of eminent domain and police power

What does the power of eminent domain refer to?

Power of the state to take private property for public use upon payment of just compensation Signup and view all the answers

What does the power of taxation allow the government to do?

Impose taxes, charges, and fees from its taxpayers to support necessary expenses Signup and view all the answers

What is the meaning of 'inherent' in relation to the power of taxation?

The power can be exercised by the state even if not provided in the constitution Signup and view all the answers

What is the basis of the power of taxation?

The existence of a government is a necessity for public welfare. Signup and view all the answers

How is the power of taxation described in terms of limitations?

Regarded as unlimited, plenary, comprehensive, and supreme. Signup and view all the answers

What are the similarities between the power of taxation, eminent domain, and police power?

They are inherent in every government, exist independently of the constitution, and are legislative in nature. Signup and view all the answers

What is the compensation in taxation vs. eminent domain?

In taxation, the compensation is the protection and benefits received from the government; in eminent domain, the compensation is payment received for the property taken. Signup and view all the answers

How does taxation differ from police power in terms of purpose?

The purpose of taxation is to raise revenue, while the purpose of police power is to promote public welfare. Signup and view all the answers

Who has the authority to exercise the power of taxation?

Only the government can exercise the power of taxation. Signup and view all the answers