1. Inherent power of sovereignty
2. Legislative in nature
3. Public purpose
4. Territorial in operation
5. Exemption of the government
6. Strongest among the inherent power of the state
7. Subject of constitutional and inherent
Taxation is a very important system for the government. The government charges tax on the source of income as personal income, corporate income, property, sales, death and gift and import-export. The government uses the revenue for the develop to the nation and other public purpose, which generates from the taxation.
Didn't find the answer you were looking for?