(1) Tax Rev 2021: General Principles

The following are the inherent powers of the state except one. Which is not among the three (3) inherent powers of the state?

• Taxation Power

• Police Power

• Eminent Domain Power

• Finance Power

It is a power by which an Independent State, through its law-making body, raises and accumulates revenue from its inhabitants to pay the necessary expenses of the government.

• Taxation Power

• Police Power

• Eminent Domain Power

• Finance Power

It is a power of the Sovereign State to legislate for the protection of the health, welfare and morals of the community.

• Taxation Power

• Police Power

• Eminent Domain Power

• Finance Power

It is a power of the Sovereign State to take private property for a public purpose in exchange of just compensation to the private owner.

• Taxation Power

• Police Power

• Eminent Domain Power

• Finance Power

Taxation can exist independently with the Constitution although the condition for their exercise may be prescribed or limited by the Constitution.

• TRUE

• FALSE

Which among the inherent powers of the state is the most superior?

• Taxation Power

• Police Power

• Eminent Domain Power

• Finance Power

Which among the inherent powers of the state is the most important?

• Taxation Power

• Police Power

• Eminent Domain Power

• Finance Power

Which among the inherent powers of the state requires just compensation?

• Taxation Power

• Police Power

• Eminent Domain Power

• Finance Power

It refers to the legislative act of laying a tax to raise income for the government to defray its necessary expenses.

• Taxation

• Law-making

• Eminent Domain

• Collection

The primary purpose of taxation?

• To regulate

• To raise revenue

• To achieve economic and social stability

• To protect local industries