Chapter 1

49問 • 6ヶ月前

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The act of laying tax, the process or means by which the sovereign, thorugh its law making body, raise income to defray the necessary expenses of government.

Taxation

refers to the inherent Power of the state to demand enforced contributions for public purpose or purposes.

taxation

There are three scope, purposes, and rationale of taxation which one is not included?

promote financial assistance to all filipinos

enforced proportional and pecuniary contributions from persons ind- property levied by thl law-making body of the State having jurisdiction over the subjects of the burden for the support of the government and all public needs.

taxes

A tax is a voluntary payment or donation. TRUE OR FALSE

false

It is ordinarily based on ability to pay. Some people pay high taxes, others small amount or none at all. TRUE OR FALSE

true

It does not mean that only those who can and do pay taxes can enjoy the privileges and protection given to a citizen by the government. Both are enjoyed by those who do not pay taxes. TRUE OR FALSE

true

The only benefit to which the taxpayer is entitled is that derived from his enjoymeni of tn" privileges of living in an organized society established and safeguarded by the devotion of taies to public purposes. TRUE OR FALSE

true

The exercise of the power of taxation involves two aspects. What are these?

c. a and b

"the power to tax involves the power to destroy.” “Constitution mandates that "the rule of taxation shall be uniform and equitable”

both statements are correct

The primary PurPose of taxation is to raise revenue-for the support of the government

true

Any tax which does not fall within the classification of a poll tax or a property tax

excise tax

A charge imposed upon the performance of an act, the enjoyment of a privilege, or the engaging in an occupation, professiory or business

excise

Tax of a fixed amount imposed on persons residing within a specified tcrritory, whether citizens or not,'without regard to their propefty or the occupation or business in which they may be engaged. Example community tax

personal, poll or capitation

Tax which is demanded or exacted from the very person who also shoulders the burden of the tax

direct

are paid by, one Person in the expectation and intention that he shall indemnify himself at the expense of another by passing on the burden to the latter

indirect

The tax of a fixed amount imposed by the head or number, or by some standard of weight or measuremenf

specific

Tax of a fixed proportion of the value of the property with respect to which the tax is assessed.

ad valorem

Tax based on a fixed percentage of the amount of the property, receipts, or other basis to be taxed

proportional

an enforced proportional contribution from owners of lands especially or peculiarly benefited by public improvements

special assessments

a charge imposed under the police power (infra.) for purposes of regulation

license or permit fee

It is a pecuniary aid directly -granted by the government to an individual or private commercial enterprise deemed beneficial to the public

subsidy

It refers to all the funds or income derived by the government, whether from tax or from whatever source and whatever manner

revenue

It refers to taxes imposed by the legislat other than duties on imports and exports

internal revenues

They are taxes imposed on goods exported from or imported into a country

custom duties

expressly found in the Constitution or implied from its provisions

constitutional limitations

It restrict the power although they are not embodied in the Constitution

inherent limitations

Who are generally exempt from taxation?

agencies and instrumentalities

This literally means place of taxation

situs of taxation

The constitution does not prohibit double taxation; hence it may not be invoked as a defense against the validity of a tax law. TRUE OR FALSE

true

How many basic forms of escape from taxation does this have?

six

the transfer or passing on of the burden of a tax by the original payer or the one on whom the tax was assessed or imposed to another or someone else.

shifting

The one on whom the tax is formally assessed

statutory taxpayer

is that point on which the tax burden finally rests or settles down

incidence of taxation

A tax cannot be shifted when it is purely personal. It cannot be shifted since it is indirect tax. TRUE OR FALSE

false

means the reduction in the price of the object equal to the capitalized value of firture taxes which the purchaser expectJto be called upon to pay

tax capitalization

is the use by the taxpayer of illegal or fraudulent means to defeat or lessen the payment of a tax

tax evasion

This provision intended for security of the citizen

mandatory provision

A provision designed merely for the information or direction of officers or to secure methodical and systemstic modes of proceedings

directory provision

A toll is a demand of proprietorship, while a tax is a demand of sovereignty;

true

A toll is paid for the use of another property, while tax is paid for the support of the government

true

A toll may be imposed by either the government or private individuals or entities, as an attribute of ownership, while a tax may be imposed only by the government

true

A penalty is designed to regulate conduct, while a tax is generally intended to raise revenue

true

License fee is the legal compensation or reward of an"officer for specific services, while tax is an enforced contribution assessed by sovereign authority to defray public expenses

true

Failure to pay a license fee makes the act or business illegal while failure to pay a tax does not necessarily make the act or business illegal

true

A debt is generally based on contract, express or implied, while a tax is based on law

true

A debt may be paid in kind, while a tax is generally payable in money

true

It has been called the power of the state to enact such law in relation to persons and property as may promote public health, publi morals, public safety, and general prosperity

police power

is a general pardon or intentional overlooking by the State of its authority to impose penalties on persons otherwise guilty of tax evasion or violation of a revenue or tax law.

tax amnesty

Cfas (overview of accounting)

ユーザ名非公開 · 75問 · 11ヶ月前

Cfas (overview of accounting)