A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.
A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter2: Working With The Tax Law
Section: Chapter Questions
Problem 2BD
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Transcribed Image Text:• Fiscal Adequacy - sources of revenue should be sufficient to meet the
demands of public expenditure.
●
BASIC PRINCIPLES OF
A SOUND TAX SYSTEM
●
Equality or theoretical Justice tax burden should be in proportion to
the taxpayer's ability to pay. (Ability-To-Pay Principle)
-
Administrative Feasibility tax laws should be capable of convenient,
just and effective administration.
-
A) Which do you think is the most
important among the three inherent powers of
the state? Why?
B) If a tax law violates one of the three principles
of sound tax system, is it necessarily null and
void? Explain your answer.
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