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Questions and Answers
What is the main purpose of taxation in the Philippines?
What is the main purpose of taxation in the Philippines?
According to the text, what is the nature of taxation?
According to the text, what is the nature of taxation?
What is the inherent power of the State related to taxation?
What is the inherent power of the State related to taxation?
Which principle states that taxation should be based on a person's ability to pay?
Which principle states that taxation should be based on a person's ability to pay?
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What is the main source of government revenues for financing public services?
What is the main source of government revenues for financing public services?
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Study Notes
Taxation in the Philippines
- The main purpose of taxation is to generate revenue for financing public services and infrastructure development.
Nature of Taxation
- Taxation is a compulsory and coercive contribution imposed by the government on its citizens.
Inherent Power of the State
- The inherent power of the State related to taxation is the power to impose taxes, which is an essential attribute of sovereignty.
Ability to Pay Principle
- The Ability to Pay Principle states that taxation should be based on a person's ability to pay, meaning that those with higher incomes should pay more taxes.
Government Revenues
- Taxation is the main source of government revenues for financing public services and infrastructure development.
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Description
Test your knowledge on the historical development of Philippine taxation, its types, and current issues and reforms. Learn about the nature, purpose, and impact of taxation in the Philippines.