What is the inherent power of the State to impose and collect taxes for public expenses called?

The term for the inherent power of the State to impose and collect taxes for public expenses is taxation. Taxation is a fundamental aspect of government authority and is essential for financing various public services and infrastructure such as education, healthcare, and public safety. This power allows the State to generate revenue necessary for fulfilling its obligations and maintaining societal order.

While other terms like assessment, levy, and revenue generation relate to the broader context of taxation and public finance, they have specific meanings that differentiate them from the concept of taxation itself. Assessment refers to the process of determining the value of property for tax purposes, levy implies the act of imposing a specific tax or charge, and revenue generation encompasses a wider range of methods for raising funds, including fees and fines. However, none of these terms capture the foundational authority and function as directly as taxation does.