Question

Tax Journals published for the purpose of keeping tax practitioners abreast of current changes and trends in the tax law are referred to as Professional Journals.

a. True
b. False

Answer 1

The assertion that the colonists were more concerned with tax application rather than the principle of taxation itself is true. They distinguished between different types of taxes and representation in Parliament, issues central to the pre-Revolutionary period in America. option a is answer

Step-by-step explanation:

The statement that the colonists did not necessarily object to the principle of taxation, but rather how the tax money would be applied, is true.

During the period leading up to the American Revolution, many colonists were particularly concerned with the idea of taxation without representation, meaning they were being taxed by the British Parliament without having a say in the legislative body.

They made a clear distinction between internal versus external taxation, and between taxes for regulating trade versus those intended to raise revenue, which are respectively addressed in

Exercise 7.2.5 and Exercise 7.3.1 of your studies. Moreover, the issue of actual versus virtual representation was a crucial point of contention at that time, indicating that the political aspect of taxation was as important as the economic one. option a is answer