Questions and Answers
What is the process or act of imposing a charge by governmental authority on property, individuals, or transactions to raise money for public purposes called?
Which term refers to the power of a sovereign state to impose a charge or burden upon persons, properties, or rights to raise revenues for the use and support of the government?
Which of the following statements best describes taxation?
What is the main purpose of taxation?
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How is taxation described in the text?
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True or false: Taxation is the power inherent in every sovereign State to impose a charge or burden upon persons, properties, or rights to raise revenues for the use and support of the government to enable it to discharge its appropriate functions?
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True or false: Taxation is the process or act of imposing a charge by governmental authority on property, individuals, or transactions to raise money for public purposes?
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True or false: Taxation is merely a way of apportioning the cost of government among those who in some measure are privileged to enjoy its benefits and must bear its burdens?
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True or false: Taxation is described as a constructive power which interferes with the personal and property rights of the people and takes from them a portion of their wealth?
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True or false: Taxation is the power by which an Independent State, through its lawmaking body, raises and accumulates revenue from its inhabitants to pay the necessary expenses of the government?
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Study Notes
Definition and Concept of Taxation
- Taxation is the power inherent in every sovereign state to impose a charge or burden on persons, properties, or rights to raise revenues for the government.
- The primary purpose of taxation is to enable the government to discharge its appropriate functions.
- Taxation is the process or act of imposing a charge by governmental authority on property, individuals, or transactions to raise money for public purposes.
- According to Blacks Law Dictionary, taxation is the process or act of imposing a charge by governmental authority on property, individuals, or transactions to raise money for public purposes.
- Taxation is a way of apportioning the cost of government among those who benefit from it and must bear its burdens.
- It is a destructive power that interferes with personal and property rights of the people and takes from them a portion of their wealth.
- The American Jurisprudence (51 AM JUR 341) defines taxation as the power by which an independent state, through its lawmaking body, raises and accumulates revenue from its inhabitants to pay the necessary expenses of the government.
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Description
Test your knowledge of the general principles of taxation in this quiz! Explore the definition and concept of taxation, and understand the power of a sovereign state to impose charges for the government's financial needs.
