12 Questions
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?
Legislative
What phase of taxation involves the impact of taxation?
Levy or Imposition
Why is taxation considered the lifeblood of any state?
To provide essential services
How is tax defined in the text?
A mandatory contribution in money for public needs
According to John Smith, what does equity in taxation entail?
Taxation based on ability to pay
Why is it important for people to have social awareness regarding taxation?
To enable effective government functioning
Which term describes the requirement that the amount and time for tax payment must be definite?
Certainty
What is inherent about the power of taxation, according to the text?
It exists independently of the constitution
What must taxation be based on according to the text?
'The capacity to pay' of individuals
Learn about the inherent power of the state in taxation, which exists independently of the constitution. Discover why taxation is essential for every government and how only the legislative branch can impose taxes.
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