Taxation: Definition and Purpose
12 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

What is the primary reason for taxation according to the concept of taxation?

  • To defray the necessary expenses of government (correct)
  • To promote general welfare
  • To regulate the economy
  • To punish non-payers of taxes
  • Who is exempted from paying taxes in the prehistoric period in the Philippines?

  • Members of the Chieftain family (correct)
  • All citizens of the community
  • Those who are physically disabled
  • Only those who are below 18 years old
  • What is the scope of taxation?

  • Covers persons, property, or occupation to be taxed within the taxing jurisdiction (correct)
  • Only covers property and occupation
  • Only covers persons and occupation
  • Only covers persons and property
  • What is the primary purpose of raising revenue through taxation?

    <p>To finance the government and its activities</p> Signup and view all the answers

    Who exercises the power of taxation?

    <p>The legislature, and upon valid delegation, the law-making bodies of LGUs and the President</p> Signup and view all the answers

    What is one of the non-revenue purposes of taxation?

    <p>Promotion of general welfare</p> Signup and view all the answers

    What is the primary purpose of taxation according to the Necessity Theory?

    <p>To enable the government to function and pay its expenses</p> Signup and view all the answers

    What type of limitation on the power of taxation is based on the principle that the government cannot delegate its power to tax?

    <p>Non-delegability of power</p> Signup and view all the answers

    What is the basis of taxation according to the Life Blood Theory?

    <p>Necessity of government</p> Signup and view all the answers

    What is the consequence of failure to comply with the civil liability to pay taxes?

    <p>Criminal liability</p> Signup and view all the answers

    What is required for a law granting tax exemptions to be passed?

    <p>A majority vote in Congress</p> Signup and view all the answers

    What type of tax exemption is granted when a particular person, property, or excise is deemed exempt because it falls outside the scope of the taxing provision?

    <p>Implied exemption</p> Signup and view all the answers

    More Like This

    Public Finance Study
    4 questions

    Public Finance Study

    SlickSaxophone avatar
    SlickSaxophone
    Taxation and Public Services
    40 questions

    Taxation and Public Services

    StraightforwardFeynman avatar
    StraightforwardFeynman
    Understanding Public Finance
    21 questions
    Public Finance Chapter 8: Taxation
    48 questions

    Public Finance Chapter 8: Taxation

    GutsyWildflowerMeadow6848 avatar
    GutsyWildflowerMeadow6848
    Use Quizgecko on...
    Browser
    Browser