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Questions and Answers
Which law is considered prospective based on the text?
Which law is considered prospective based on the text?
- Law A (correct)
- Both Law A and Law B
- Neither Law A nor Law B
- Law B
When did Law B take effect according to the text?
When did Law B take effect according to the text?
- Dec. 23, 2012 (correct)
- Aug. 20, 2010
- Dec. 5, 2010
- Dec. 3, 2012
Which law is both prospective and retroactive as mentioned in the text?
Which law is both prospective and retroactive as mentioned in the text?
- Law B (correct)
- Law A
- Both Law A and Law B
- None of the laws
Why are taxes generally considered imprescriptible based on the text?
Why are taxes generally considered imprescriptible based on the text?
What is a Taxpayer Suit according to the text?
What is a Taxpayer Suit according to the text?
What is the significance of the Doctrine of Imprescriptibility in relation to tax laws?
What is the significance of the Doctrine of Imprescriptibility in relation to tax laws?
What is the purpose of equitable recoupment as described in the text?
What is the purpose of equitable recoupment as described in the text?
What is the main difference between tax evasion and tax avoidance?
What is the main difference between tax evasion and tax avoidance?
Why is direct double taxation considered unconstitutional according to the text?
Why is direct double taxation considered unconstitutional according to the text?
What does it mean to 'carry forward' losses for set off in subsequent years as discussed in the text?
What does it mean to 'carry forward' losses for set off in subsequent years as discussed in the text?
In what situation can double taxation be permissible according to the text?
In what situation can double taxation be permissible according to the text?
What is the primary focus of the exemption method as described in the text?
What is the primary focus of the exemption method as described in the text?
