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The essential characteristics of tax include:
1. it is an enforced contribution
2. it is generally payable in money.
3. It is proportionate in character, usually based on the ability to pay
4. it is levied on persons and property within the jurisdiction of the state
5. it is levied pursuant to legislative authority, the power to tax can only be exercised by the law making body or congress
6. it is levied for public purpose
7. it is commonly required to be paid a regular intervals
What else can I help you with?
'the concept of law is difficult to define but can be identified from its unique characteristics 'Do you agree with the above statement?
Yes, I agree. The concept of law is challenging to define due to its complexity and multifaceted nature. However, it can be identified by its distinct characteristics such as its normative nature, power to regulate behavior, and enforcement by a governing authority.
What are the nature of power taxation?
The power of taxation is that every government needs it. No country can survive without the money that is brought in from taxation.
What is the nature and scope of business taxation?
The nature and scope of business taxation spreads across all the business sectors. Taxation in business is imposed so as business owners can get the privilege of doing business.
What is Nature and concept of business policy?
what is the concept and nature of corporate policies
Key concept of nature organization?
key concept of nature organization
What are the characteristic of taxation?
One of the key characteristics of taxation is that contribution is enforced. Other characteristics is that is commonly required to be paid at certain intervals, and it is levied on individuals, businesses, or property
What are the two fold nature of taxation?
Inherent and Legislative Power
Can you explain what intension means in simple terms?
Intension refers to the specific characteristics or qualities that define a concept or term. It is the essential nature or meaning of something, distinct from its extension, which refers to the objects or examples that fall under that concept.
Nature and concept of directing in management?
Nature of Directing
Nature of concept of directing in management?
Nature of Directing
What concept involes using government spending and taxation to influence the economy?
Fiscal Policy :)
What is wave nature?
nature of waves is the characteristics of a waves
