Podcast
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?
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?
What does the Lifeblood Doctrine state regarding the imposition of taxes?
What does the Lifeblood Doctrine state regarding the imposition of taxes?
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?
Signup and view all the answers
In the context of taxation, what does Vertical equity primarily focus on?
In the context of taxation, what does Vertical equity primarily focus on?
Signup and view all the answers
What is the purpose of taxation related to raising funds?
What is the purpose of taxation related to raising funds?
Signup and view all the answers
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?
Signup and view all the answers
What type of tax is based on weight rather than value?
What type of tax is based on weight rather than value?
Signup and view all the answers
Where does the situs of taxation for personal property typically occur?
Where does the situs of taxation for personal property typically occur?
Signup and view all the answers
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)?
Signup and view all the answers
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?
Signup and view all the answers
What does a regressive tax system generally involve?
What does a regressive tax system generally involve?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
Which type of tax is based on value rather than weight?
Which type of tax is based on value rather than weight?
Signup and view all the answers
