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Taxation Concepts Quiz

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Questions and Answers

Which term is used interchangeably with custom duties under the Tariff and Customs Code?

Tax liabilities
Export duties
Tariff duties (correct)
Import fees

Which of the following is NOT a characteristic of direct double taxation?

Taxing twice by the same taxing authority
Taxing in the same year or taxing period
Taxing for different purposes (correct)
Taxing the same subject or object

Which concept involves the transfer of the tax burden from the original taxpayer to someone else?

Tax exemption
Tax avoidance
Tax shifting (correct)
Tax evasion

What is meant by the term 'escape from taxation'?

Minimizing taxation through legal means (D) Signup and view all the answers

Which type of taxation principle is considered oppressive and violates the concept of equal protection in taxation?

Direct double taxation (C) Signup and view all the answers

What is the main characteristic of indirect double taxation?

Lack of uniformity in tax application (A) Signup and view all the answers

'Escape from taxation' aims to:

Minimize tax burden legally (B) Signup and view all the answers

'Shifting' in taxation refers to:

Transferring the tax burden to someone else (C) Signup and view all the answers

'Direct double taxation' involves taxing twice by the same taxing authority for:

The same purpose in the same year or taxing period (D) Signup and view all the answers

Which principle of taxation involves escaping or minimizing the burden of taxation?

Escape from taxation (A) Signup and view all the answers