Principles of Taxation Review Exam With Actual Question And Complete Solution

Principles of Taxation Review Exam With Actual Question And Complete Solution C - ANSWER The tax should be proportional to the relative value of the property to be taxed. A Simplicity in taxation B. Reciprocity in taxation C. Equality in taxation D. Uniformity in taxation D - ANSWER The following are the nature of taxation, except A. Inherent in sovereignty B. Essentially legislative in character C. Subject to inherent and constitutional limitation D. Subject to approval by the people. B - ANSWER It literally means "place of taxation"; the country that has the power and jurisdiction to levy and collect the tax. A. Basis of taxation B. Situs of taxation C. Scope of taxation D. Theory of taxation D - ANSWER The existence of the government is a necessity and that the state has the right to compel all individuals and property within its limits to contribute A. Basis of taxation B. Situs of taxation C. Scope of taxation D. Theory of taxation A - ANSWER The reciprocal duties of support and protection between the people and the government. limits to contribute A. Basis of taxation B. Situs of taxation C. Scope of taxation D. Theory of taxation C - ANSWER Subject to inherent and constitutional limitations, the power of taxation is regarded as supreme, plenary, unlimited and comprehensive. limits to contribute A. Basis of taxation B. Situs of taxation C. Scope of taxation D. Theory of taxation