Taxation, 2012 Bar — Question 3

MULTIPLE CHOICE

Which statement below expresses the lifeblood theory? a) The assessed taxes must be enforced by the government. b) The underlying basis of taxation is government necessity, for without taxation, a government can neither exist nor endure; c) Taxation is an arbitrary method of exaction by those who are in the seat of power; d) The power of taxation is an inherent power of the sovereign to impose burdens upon subjects and objects within its jurisdiction for the purpose of raising revenues.

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