Which statement is WRONG? (2012 Bar Question)
2012 Bar Exam · Taxation Law · Question 51 · Multiple choice
The question
Which statement is WRONG? (2012 Bar Question)
- A.The power of taxation may be exercised by the government, its political subdivisions, and public utilities;
- B.Generally, there is no limit on the amount of tax that may be imposed;
- C.The money contributed as tax becomes part of the public funds;
- D.The power of tax is subject to certain constitutional limitations.
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