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Questions and Answers
What is the primary element of double taxation?
What is the primary element of double taxation?
- Same type of tax
- Same purpose of tax
- Same taxing jurisdiction
- Same object (correct)
Which category of escapes from taxation may lead to a loss of government revenue?
Which category of escapes from taxation may lead to a loss of government revenue?
- Tax avoidance
- Tax evasion (correct)
- Reciprocal tax treatment
- Entering into treaties
What is the goal of tax avoidance?
What is the goal of tax avoidance?
- Illegally reduce or avoid tax payment (correct)
- Ensure reciprocal tax treatment
- Comply strictly with tax laws
- Reduce tax rates for residents
Why is direct double taxation discouraged?
Why is direct double taxation discouraged?
Which element is essential for reciprocal tax treatment to be implemented between countries?
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 the main purpose of entering into treaties or bilateral agreements regarding taxation?
What is tax exemption most commonly known as?
What is tax exemption most commonly known as?
Which type of tax exemptions cannot be revoked by Congress?
Which type of tax exemptions cannot be revoked by Congress?
In the context of double taxation, what is shifting referring to?
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 is the term used for the forgiveness of tax obligations based on justifiable grounds?
What does tax condonation apply to, according to the text?
What does tax condonation apply to, according to the text?
In what scenario is forward shifting of taxes common 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?
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?
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?'
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?
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?
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?
Which entities are exempt from property taxes if they are actually, directly, and exclusively used for charitable, religious, and educational purposes?
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