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Questions and Answers
Which principle of taxation emphasizes that the more benefit one receives, the more tax they should pay?
Which principle of taxation emphasizes that the more benefit one receives, the more tax they should pay?
- Vertical equity
- Ability to pay
- Lifeblood Doctrine
- Benefit-received (correct)
Which requisite of taxation implies that tax must be imposed under a legislative authority?
Which requisite of taxation implies that tax must be imposed under a legislative authority?
- Imposed for Public Purpose (correct)
- Generally payable in money
- Tax is an enforced contribution
- Proportionate in character
What does the Lifeblood Doctrine state regarding the imposition of taxes?
What does the Lifeblood Doctrine state regarding the imposition of taxes?
- Tax is imposed within the territorial jurisdiction
- Tax is imposed for public purpose
- Tax is imposed based on ability to pay
- Tax is imposed even without a Constitutional Grant (correct)
Which concept of taxation is based on contributing based on one's capacity?
Which concept of taxation is based on contributing based on one's capacity?
In the context of taxation, what does Vertical equity primarily focus on?
In the context of taxation, what does Vertical equity primarily focus on?
What is the purpose of taxation related to raising funds?
What is the purpose of taxation related to raising funds?
Which is NOT a limitation of the inherent power of the state in taxation?
Which is NOT a limitation of the inherent power of the state in taxation?
What type of tax is based on weight rather than value?
What type of tax is based on weight rather than value?
Where does the situs of taxation for personal property typically occur?
Where does the situs of taxation for personal property typically occur?
What is one of the powers and duties of the Bureau of Internal Revenue (BIR)?
What is one of the powers and duties of the Bureau of Internal Revenue (BIR)?
Which type of taxation principle focuses on equitability based on ability to pay and received benefits?
Which type of taxation principle focuses on equitability based on ability to pay and received benefits?
What does a regressive tax system generally involve?
What does a regressive tax system generally involve?
What is the main reason for the collection of advances being taxable upon receipt?
What is the main reason for the collection of advances being taxable upon receipt?
In a progressive tax system, what happens to tax rates as income levels increase?
In a progressive tax system, what happens to tax rates as income levels increase?
Which type of tax is based on value rather than weight?
Which type of tax is based on value rather than weight?
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