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What is Taxation Principles and Concepts about?

1. Taxation is considered the lifeblood of government and all government units must exercise the power of taxation. Taxation allows for the apportionment of government costs among citizens who benefit from government services. 2. There are inherent and constitutional limitations on the power of taxation. While taxation is a strong power, it is not absolute and is subject to limitations to protect citizens. 3. Tax laws must be construed strictly against the government, with tax exemptions construed stric

Author

Scraper Lancelot

Language

EN