A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.
A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 1DQ: According to the Supreme Court, would it be good tax policy to use income as computed by financial...
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![• Fiscal Adequacy - sources of revenue should be sufficient to meet the
demands of public expenditure.
●
BASIC PRINCIPLES OF
A SOUND TAX SYSTEM
●
Equality or theoretical Justice tax burden should be in proportion to
the taxpayer's ability to pay. (Ability-To-Pay Principle)
-
Administrative Feasibility tax laws should be capable of convenient,
just and effective administration.
-
A) Which do you think is the most
important among the three inherent powers of
the state? Why?
B) If a tax law violates one of the three principles
of sound tax system, is it necessarily null and
void? Explain your answer.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff9c6ba4b-db8c-404c-8530-4751c5fa9886%2F6c0f5e87-9116-4958-bb8d-2e5c2ba5ff38%2F0xcnhf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:• Fiscal Adequacy - sources of revenue should be sufficient to meet the
demands of public expenditure.
●
BASIC PRINCIPLES OF
A SOUND TAX SYSTEM
●
Equality or theoretical Justice tax burden should be in proportion to
the taxpayer's ability to pay. (Ability-To-Pay Principle)
-
Administrative Feasibility tax laws should be capable of convenient,
just and effective administration.
-
A) Which do you think is the most
important among the three inherent powers of
the state? Why?
B) If a tax law violates one of the three principles
of sound tax system, is it necessarily null and
void? Explain your answer.
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