Which theory in taxation states that without taxes, a government would be paralyzed for lack of power to activate and operate it, resulting in its destruction? Explain thoroughly with a legal basis.

San Roque Corporation (SRC) is one of the Philippines' largest and most diversifiedmultinationals, with revenues equivalent to about 10% of the country's GDP in 2020.It is also stated in his articles of incorporation (AOI) that the latter were approved by the SEC. Immediately after the receipt of the Certificate of Approval from the SEC, they decided to immediately start the operation despite the fact that it has no approved By Laws. What is the legal status of the SRC? Explain thoroughly with a legal basis.

What are the governing principles of the following test under Corporation law? Explain thoroughly with a legal basis.