Sovereign Powers and Tax Exemptions
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Questions and Answers

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?

  • Express Exemption
  • Contractual Exemption (correct)
  • Implied Exemption
  • Statutory Exemption

    • 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?

    <p>Exemptions inherent to certain persons or properties</p> Signup and view all the answers

    What is the primary purpose of tax exemptions in fiscal policies?

    <p>To provide selective tax relief for diverse economic and social needs</p> Signup and view all the answers

    What is the characteristic of express exemptions?

    <p>They are explicitly defined by legal authorities</p> Signup and view all the answers

    What is the fundamental aspect of the power to tax?

    <p>The state's discretion to select subjects or entities to tax</p> Signup and view all the answers

    What is the scope of taxation in terms of the entities involved?

    <p>Persons, property, or occupation to be taxed within the taxing jurisdiction</p> Signup and view all the answers

    What is the inherent power of the state related to taxation?

    <p>The authority to demand enforced contributions for public purposes</p> Signup and view all the answers

    What is the principle of taxation that ensures fairness in taxation?

    <p>Proportional contribution from persons and property</p> Signup and view all the answers

    Who typically has the power to levy taxes?

    <p>The legislative body</p> Signup and view all the answers

    What is a historical context where the power to tax was re-evaluated in the Philippines?

    <p>During the re-assessment of RP-US relations</p> Signup and view all the answers

    What is the fundamental principle underlying tax obligations?

    <p>Personal responsibility</p> Signup and view all the answers

    What is the primary justification for taxation according to the Necessity Theory?

    <p>Government's necessity to operate</p> Signup and view all the answers

    What is required for laws granting tax exemptions to be approved?

    <p>Majority approval from Congress members</p> Signup and view all the answers

    What is the consequence of not meeting tax obligations?

    <p>Criminal liability and prosecution</p> Signup and view all the answers

    According to the Benefits-Protection/Reciprocity Theory, what is the basis for paying taxes?

    <p>Involuntary and compulsory obligation</p> Signup and view all the answers

    What is the underlying concept that taxation is an indispensable part of a civilized society?

    <p>Life blood theory</p> Signup and view all the answers

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