Podcast
Questions and Answers
What is the primary aspect of sovereignty related to taxation?
What is the primary aspect of sovereignty related to taxation?
- Power to impose and exempt from taxation (correct)
- Power to regulate economic activities
- Power to grant subsidies
- Power to manage fiscal policies
Which type of exemption is granted through agreements between the government and another party?
Which type of exemption is granted through agreements between the government and another party?
- Express Exemption
- Contractual Exemption (correct)
- Implied Exemption
- Statutory Exemption
What is the primary difference between tax avoidance and tax evasion?
What is the primary difference between tax avoidance and tax evasion?
- Methods of taxation vs. tax collection
- Purposes of taxation vs. tax benefits
- Legal vs. illegal means of minimizing tax liabilities (correct)
- Scope of taxation vs. exemptions
What is implied by the concept of implied exemptions?
What is implied by the concept of implied exemptions?
What is the primary purpose of tax exemptions in fiscal policies?
What is the primary purpose of tax exemptions in fiscal policies?
What is the characteristic of express exemptions?
What is the characteristic of express exemptions?
What is the fundamental aspect of the power to tax?
What is the fundamental aspect of the power to tax?
What is the scope of taxation in terms of the entities involved?
What is the scope of taxation in terms of the entities involved?
What is the inherent power of the state related to taxation?
What is the inherent power of the state related to taxation?
What is the principle of taxation that ensures fairness in taxation?
What is the principle of taxation that ensures fairness in taxation?
Who typically has the power to levy taxes?
Who typically has the power to levy taxes?
What is a historical context where the power to tax was re-evaluated in the Philippines?
What is a historical context where the power to tax was re-evaluated in the Philippines?
What is the fundamental principle underlying tax obligations?
What is the fundamental principle underlying tax obligations?
What is the primary justification for taxation according to the Necessity Theory?
What is the primary justification for taxation according to the Necessity Theory?
What is required for laws granting tax exemptions to be approved?
What is required for laws granting tax exemptions to be approved?
What is the consequence of not meeting tax obligations?
What is the consequence of not meeting tax obligations?
According to the Benefits-Protection/Reciprocity Theory, what is the basis for paying taxes?
According to the Benefits-Protection/Reciprocity Theory, what is the basis for paying taxes?
What is the underlying concept that taxation is an indispensable part of a civilized society?
What is the underlying concept that taxation is an indispensable part of a civilized society?
