Answer to Question #270471 in Accounting for Another you

Question

1. What are the basic principles of sound tax system?

2. What are the nature of the state's power to tax?

Answer 1

1.Principles of a sound tax system

a) Fiscal adequacy

b) Administrative feasibility

c) Theoretical justice.

2.Because it is inherent in sovereignty, it may be exercised even if the Constitution does not expressly provide it.