Question

Proponents of "no taxation without representation" claimed that although trade regulation was a legal means for parliament to raise revenue, direct internal taxes such as the stamp act were an illegitimate extension of parliamentary power. True or false?.

Answer 1

False,Proponents of "no taxation without representation" claimed that although trade regulation was a legal means for parliament to raise revenue, direct internal taxes such as the stamp act were an illegitimate extension of parliamentary power.

What is trade regulation?

Trade regulation is a branch of law that includes government regulation of unfair methods of competition and unfair or misleading corporate acts or practices. It is sometimes associated with antitrust. Antitrust law is frequently regarded as a component of trade regulation law. They establish "rules of the road" for US enterprises wishing to do business in global markets by lowering barriers to US exports, defending US interests, and promoting the rule of law in trade agreement partner countries. Trade regulation rules may include requirements imposed to prevent such activities or practices. Unless the Commission clearly states otherwise in its rule, a breach of a rule constitutes an unfair or deceptive act or practice in violation of section 5(a)(1) of the Act (15 U.S.C. 45(a)(1)).

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