Taxation: Nature and Power of the State
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Taxation: Nature and Power of the State

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@EasygoingCalifornium

Questions and Answers

What is taxation defined as?

The power of the state to collect revenues for public purposes only

When should tax payments be made according to the text?

Every 15th day of April

What is the purpose of taxation mentioned in the text?

To generate revenue for public welfare and government activities

What branch of government has the authority to impose taxes according to the text?

<p>Legislative</p> Signup and view all the answers

What phase of taxation involves the impact of taxation?

<p>Levy or Imposition</p> Signup and view all the answers

Why is taxation considered the lifeblood of any state?

<p>To provide essential services</p> Signup and view all the answers

How is tax defined in the text?

<p>A mandatory contribution in money for public needs</p> Signup and view all the answers

According to John Smith, what does equity in taxation entail?

<p>Taxation based on ability to pay</p> Signup and view all the answers

Why is it important for people to have social awareness regarding taxation?

<p>To enable effective government functioning</p> Signup and view all the answers

Which term describes the requirement that the amount and time for tax payment must be definite?

<p>Certainty</p> Signup and view all the answers

What is inherent about the power of taxation, according to the text?

<p>It exists independently of the constitution</p> Signup and view all the answers

What must taxation be based on according to the text?

<p>'The capacity to pay' of individuals</p> Signup and view all the answers

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