CHAPTER 1 QUIZ 1 BASED Flashcards
Occurs when illegal efforts are made to escape the payment of a tax.
Tax evasion
Powers not explicitly stated in the Constitution that allow the government to perform essential duties.
Inherent Powers
The legislative body responsible for imposing and collecting taxes in the State.
Congress
Refers to the advantage accruing from anything
Interest
That which may be felt or touched and are necessarily corporeal, either real or personal properties.
Tangible properties
It is double taxation in its strict sense. It is prohibited because it comprises imposition of the same tax on the same property for the same purpose by the same state during the same taxing period.
Direct Duplicate Taxation
Paying the owner the full monetary equivalent of the property taken for public use
Just Compensation
The primary source of governmental revenue through compulsory levies on individuals or property
Power of Taxation
The government allows absolute forgiveness or waiver of its right to collect what is due in order to give the tax evader who wishes to reform a chance to start anew
Tax Amnesty
The limitation that restricts the exercise of taxation power to within the geographical boundaries of the State
Territorial Jurisdiction
Enumerate the three (3) inherent powers of the state.
- Police Power
- Power Of Eminent Domain
- Power Of Taxation
Enumerate the objects of taxation (3)
- Person
- Properties
- Excise object
Enumerate the justifications for the exercise of eminent domain.
- Necessity
- Just compensation
- Due process of law
- For public use/purpose
Enumerate the stages in the exercise of taxation.
- Levy or imposition
- Assessment and collection
- Payment
- Refund
Enumerate the requisites of a valid police measure.
- Lawful subjects
- Lawful means
