Taxation Concepts Quiz
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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'?

    <p>Minimizing taxation through legal means</p> Signup and view all the answers

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

    <p>Direct double taxation</p> Signup and view all the answers

    What is the main characteristic of indirect double taxation?

    <p>Lack of uniformity in tax application</p> Signup and view all the answers

    'Escape from taxation' aims to:

    <p>Minimize tax burden legally</p> Signup and view all the answers

    'Shifting' in taxation refers to:

    <p>Transferring the tax burden to someone else</p> Signup and view all the answers

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

    <p>The same purpose in the same year or taxing period</p> Signup and view all the answers

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

    <p>Escape from taxation</p> Signup and view all the answers

    More Like This

    Economics and Transportation Quiz
    3 questions
    Taxation and Government Policies Quiz
    10 questions
    Taxation Chapter 14 Major Quiz Review
    35 questions
    Use Quizgecko on...
    Browser
    Browser