The State, having sovereignty can enforce contributions (tax) upon its citizens even wilhout a specific provision in the Constitution authorizing it Which of the following will justify the foregoing statement? a Ris so because the State has the supreme power to command and enforce obedience to its will from the people within its jurisdction.
The State, having sovereignty can enforce contributions (tax) upon its citizens even wilhout a specific provision in the Constitution authorizing it Which of the following will justify the foregoing statement? a Ris so because the State has the supreme power to command and enforce obedience to its will from the people within its jurisdction.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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kindly answer the second question, 2. the state...
choose the correct answer.
Transcribed Image Text:nition
Which of the folowing statements is incorrect?
a Taxes are the revenues raised in the exercise of the police
power of the State
b. One of the special characteristics of tax is it is unlimited in
amount
c The three fundamental powers of the State are Inherent in the
State and may be exercised without the need of any
constitutional grant
d. All of the above
The State, having sovereignty can enforce contributions (tax) upon its
citizens even without a specific provision in the Constitution
authorizing it Which of the following will justify the foregoing
statement?
a kis so because the State has the supreme power to command
and enforce obedience to its will from the people within its
jurisdction.
Transcribed Image Text:b. Any provision in the Consttution regarding taation does not
create rights for the sovercignty to have the power to tax b
merely constitutes imitations upon he supremacy of a
power.
c Bolh "a" and
d. Nether a mor
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