Tax Treaties and Reciprocal Tax Treatments Quiz

What is the primary element of double taxation?

Which category of escapes from taxation may lead to a loss of government revenue?

What is the goal of tax avoidance?

Why is direct double taxation discouraged?

Which element is essential for reciprocal tax treatment to be implemented between countries?

What is the main purpose of entering into treaties or bilateral agreements regarding taxation?

What is tax exemption most commonly known as?

Which type of tax exemptions cannot be revoked by Congress?

In the context of double taxation, what is shifting referring to?

What is the term used for the forgiveness of tax obligations based on justifiable grounds?

What does tax condonation apply to, according to the text?

In what scenario is forward shifting of taxes common according to the text?

What principle ensures that taxpayers should be treated equally both in terms of rights conferred and obligations imposed?

Which doctrine states that properties actually devoted for religious, charitable, or educational activities are exempt from real property tax?

In regards to double taxation, what does the text imply when it mentions that 'Congress cannot exempt sellers of “balot” while subjecting sellers of “penoy” to tax since they are essentially the same goods?'

Which principle dictates that taxes should not impair obligations from contracts by the exercise of taxation power?

What type of taxation principle states that taxpayers under dissimilar circumstances should not be taxed the same?

Which entities are exempt from property taxes if they are actually, directly, and exclusively used for charitable, religious, and educational purposes?