Podcast
Questions and Answers
What is the purpose of taxation mentioned in the text?
What is the purpose of taxation mentioned in the text?
- For the protection of the people (correct)
- To reduce government revenue
- To burden the citizens
- To encourage social inequality
Which branch of government has the power to tax according to the text?
Which branch of government has the power to tax according to the text?
- Judicial
- Senate
- Executive
- Congress (correct)
What happens if a person does not pay their poll tax according to the text?
What happens if a person does not pay their poll tax according to the text?
- They lose their right to vote
- They are imprisoned (correct)
- They are fined heavily
- They receive a warning letter
Who has the authority to set tariff rates on imported goods according to the text?
Who has the authority to set tariff rates on imported goods according to the text?
What is the main function of License Fee mentioned in the text?
What is the main function of License Fee mentioned in the text?
Which branch of government is responsible for ensuring fair treatment under the law according to the text?
Which branch of government is responsible for ensuring fair treatment under the law according to the text?
What is the purpose of taxation?
What is the purpose of taxation?
Which type of tax is based on the higher income of individuals?
Which type of tax is based on the higher income of individuals?
Who has the power to interpret tax laws in the Philippines?
Who has the power to interpret tax laws in the Philippines?
What type of tax is levied at the point of consumption?
What type of tax is levied at the point of consumption?
Which body handles the finances of the Philippines?
Which body handles the finances of the Philippines?
What condition must be met for an action to be considered tax evasion?
What condition must be met for an action to be considered tax evasion?
What is the main difference between tax avoidance and tax evasion?
What is the main difference between tax avoidance and tax evasion?
Which category of business in terms of revenue range is considered as 'Medium' according to the text?
Which category of business in terms of revenue range is considered as 'Medium' according to the text?
What are some of the most problematic factors hindering businesses according to the text?
What are some of the most problematic factors hindering businesses according to the text?
What types of reforms does the government consider to encourage movement of MSMEs according to the text?
What types of reforms does the government consider to encourage movement of MSMEs according to the text?
What are some of the taxes and payments mentioned in the text related to compliance in the Philippines?
What are some of the taxes and payments mentioned in the text related to compliance in the Philippines?
How is access to finance considered as a challenge for businesses?
How is access to finance considered as a challenge for businesses?
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