Taxation: Nature and Power of the State
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Questions and Answers

What is taxation defined as?

  • The process of limiting government spending through revenue collection
  • The power of the state to collect revenues for public purposes only (correct)
  • The act of enforcing contributions from individuals for public services
  • The method of distributing government costs among taxpayers
  • When should tax payments be made according to the text?

  • Every 1st day of May
  • Every 30th day of June
  • Every last day of the month
  • Every 15th day of April (correct)
  • What is the purpose of taxation mentioned in the text?

  • To generate revenue for public welfare and government activities (correct)
  • To reduce the financial burden on citizens
  • To burden individuals with excessive charges
  • To limit government functions and spending
  • 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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