The seized property of a delinquent taxpayer becomes the property of the government. This refers to

The seized property of a delinquent taxpayer becomes the property of the government. This refers to

a. Distraint
b. Levy
c. Forfeiture


Answer: c. Forfeiture

Which of the following tax rate between in same direction with the taxable value?

Which of the following tax rate between in same direction with the taxable value?

a. Proportionate
b. Progressive
c. Regressive

A fundamental rule is that the property of one country may not be taxed by another country. This is known as

A fundamental rule is that the property of one country may not be taxed by another country. This is known as

a. International Law
b. International Comity
c. Reciprocity


Answer: b. International Comity

The following is an incorrect description of taxation

The following is an incorrect description of taxation

a. Legislative and inherent for the existence of the government
b. It involves the taking of property by the government
c. The amount imposed had no limit`


Answer: a. Legislative and inherent for the existence of the government