1. Define taxation. 2.Why is taxation important? 3.Explain briefly the inherent power of a state. 4. Why...
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Question:
1. Define taxation.
2.Why is taxation important?
3.Explain briefly the inherent power of a state.
4. Why is taxation considered as the strongest among the 3 inherent powers of the State.
5. What are the inherent limitations of taxation power. Give one and explain each.
6. What are the principles of a sound tax system?
Expert Answer:
Understanding Taxation in the Philippines 1 Defining Taxation Taxation refers to the legal process by which the government levies compulsory charges o... View the full answer
Related Book For 
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
Posted Date:
