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Tax 3 Three Inherent Power
Tax 3 Three Inherent Power
POWER OF THE
STATES
Fundamental Principles of Taxation
THREE INHERENT POWERS OF THE
STATE
1. Police Power – it the power of the state for promoting public
welfare by restraining and regulating the use of liberty and
property. It may be exercise only by the government. The
property taken in the exercise of this power is destroyed because
it is noxious or intended for a noxious purpose.