Understanding Taxation

What is the primary purpose of taxation on the part of the government?

• To provide funds or property to promote general welfare

• To regulate certain effects or conditions

• To impose penalties on citizens

• To collect debts

What is the difference between Tax and Tariff?

• Tax is a general term for enforced contributions

• Tariff is imposed on articles traded internationally

• Both are the same

• Tax is only for local goods

What does the rule of taxation state about uniformity and equity?

What is the definition of taxation?

What are the similarities between taxation, police power, and eminent domain?

What are the differences between taxation, police power, and eminent domain?

What are the stages or aspects of taxation?

What is the process of assessment and collection in taxation?

What are the kinds of taxes according to object?

What are the inherent limitations of taxation?