Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One of the following is a primary purpose of taxation a. Protection of local industries against foreign competition through imposition of high customs duties on

  1. One of the following is a primary purpose of taxation

a.

Protection of local industries against foreign competition through imposition of high customs duties on imported goods

b.

Reduction of inequalities in wealth and income by imposing progressively higher tax rates

c.

To secure revenue for the support of the government

d.

Strengthening of anemic enterprises giving tax exemptions

  1. Which of the following is not a secondary purpose of taxation?

a.

To secure as key instrument of social control

b.

To effect a more equitable distribution of wealth among people

c.

To achieve social and economic stability

d.

To raise revenue to defray the necessary expenses of the government

  1. The government cannot continue without means to pay its expenses and that it has a right to compel all its cities and property within its limits to contribute

a.

scope of taxation

c.

theory of taxation

b.

basis of taxation

d.

constitutional limitation

  1. Reciprocal duties of protection and support between the state and its inhabitants

a.

scope of taxation

c.

theory of taxation

b.

basis of taxation

d.

constitutional limitation

  1. Which is the best answer? A tax reform at any given time underscores the fact that

a.

Taxation is an inherent power of the state

c.

Taxation is a power that is very broad

b.

Taxation is essentially a legislative power

d.

The state can and should adopt progressive taxation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Management Accounting An Introduction

Authors: Pauline Weetman

8th Edition

1292244410, 978-1292244419

More Books

Students also viewed these Accounting questions

Question

Self-confidence

Answered: 1 week ago

Question

The number of people commenting on the statement

Answered: 1 week ago