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Nature of taxation: The power to tax is an attribute of sovereignty, exercised by the government for the betterment of the people within its jurisdiction whose interest should be served, enhanced and protected. (69 SCRA 460)
It is an inherent power of sovereignty, essentially a legislative function, enforced for public purpose, operates only within its territorial jurisdiction, exempts government agencies from tax (provided such agency performs governmental functions), and is subject to constitutional and inherent limitations.
Scope of taxation: In the absence of limitations provided by the constitution, the power to tax is essentially unlimited, plenary, comprehensive, far reaching, and supreme. Taxation compasses every trade or occupation, every object or industry or possession of property. It levies a burden which, in case of failure to discharge, seizure or confiscation of property may be enforced, subject to due process of law.
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