Podcast
Questions and Answers
What is the total number of shifts involved in a transfer from the producer to the wholesaler, then to the retailer, and finally to the purchaser if the tax is transferred again to the purchaser by the retailer?
What is the total number of shifts involved in a transfer from the producer to the wholesaler, then to the retailer, and finally to the purchaser if the tax is transferred again to the purchaser by the retailer?
- Four
- Two
- Three (correct)
- One
What is the term used to describe the person who must pay the tax to the government?
What is the term used to describe the person who must pay the tax to the government?
- Nominal taxpayer
- Statutory taxpayer (correct)
- Economic taxpayer
- Real taxpayer
Which of the following taxes is NOT an example of a tax that can be shifted?
Which of the following taxes is NOT an example of a tax that can be shifted?
- Percentage tax
- VAT
- Income tax (correct)
- Excise tax on excisable articles
What is the factor that determines the point at which a tax is originally imposed?
What is the factor that determines the point at which a tax is originally imposed?
What is the point at which the tax burden finally rests or settles down?
What is the point at which the tax burden finally rests or settles down?
What is the process that the taxpayer undertakes to recoup himself of the tax burden?
What is the process that the taxpayer undertakes to recoup himself of the tax burden?
What is the primary purpose of a tax treaty?
What is the primary purpose of a tax treaty?
When can the rule of double taxation not be applied?
When can the rule of double taxation not be applied?
How are exemptions construed in tax law?
How are exemptions construed in tax law?
What is required for a claim of tax exemption to be valid?
What is required for a claim of tax exemption to be valid?
How are refunds viewed in tax law?
How are refunds viewed in tax law?
What is the duty of a taxpayer claiming an exemption?
What is the duty of a taxpayer claiming an exemption?
What is a necessary condition for direct double taxation to occur according to the strict sense?
What is a necessary condition for direct double taxation to occur according to the strict sense?
What is an example of a measure that can be taken to mitigate double taxation?
What is an example of a measure that can be taken to mitigate double taxation?
What is the purpose of entering into treaties or bilateral agreements between countries?
What is the purpose of entering into treaties or bilateral agreements between countries?
What is the characteristic of direct double taxation?
What is the characteristic of direct double taxation?
What is the result of allowing reciprocal tax treatment?
What is the result of allowing reciprocal tax treatment?
