Pls answer number 1-10 1. What is the primary purpose of taxation?2. What are the secondary purposes of taxation and briefly explaineach?3. What are the priinciples of a sound tax system? Briefly explain each.4. What are the constitutional limitations on the power of taxation?(Explain briefly)5. Distinguish between Lifeblood Theory and Necessity Theory,6. What are the inherent powers of the State? Briefly explain each.7. Why is the power to tax is sometimes called sometimes the power todestroy?8. What are the attributes/characteristics of a tax?9. What are the inherent limitations on the power of taxation?10. What are the aspects of Taxation?

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1. What is the primary purpose of taxation? 2. What are the secondary purposes of taxation and briefly explain each? 3. What are the principles of a sound tax system? Briefly explain each.

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter8: Consolidated Tax Returns

Section: Chapter Questions

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Question

Pls answer number 1-10

1. What is the primary purpose of taxation?
2. What are the secondary purposes of taxation and briefly explain
each?
3. What are the priinciples of a sound tax system? Briefly explain each.
4. What are the constitutional limitations on the power of taxation?
(Explain briefly)
5. Distinguish between Lifeblood Theory and Necessity Theory,
6. What are the inherent powers of the State? Briefly explain each.
7. Why is the power to tax is sometimes called sometimes the power to
destroy?
8. What are the attributes/characteristics of a tax?
9. What are the inherent limitations on the power of taxation?
10. What are the aspects of Taxation?

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