GHIST - FINALS BULK EXAM WITH ACCURATE
ANSWERS 100% VERIFIED
3 Powers of the Government
(1) Police
(2) Domain
(3) Taxation
Power of Taxation
Legislature
- impose and demand contribution upon persons for generating revenue for the public
Power of the Legislative Branch
Congress - examines the bill
Purpose of Taxation
(1) Generate Revenue
(2) Regulation
(3) Reduce Social Inequity
(4) Implement Protectionist Policy
(5) Economic Growth
Sound Tax System
(1) Theoretical Justice
(2) Administrative Feasibility)
, (3) Fiscal Adequacy
Tax
amount that is levied or imposed
Types of Tax Structure
Progressive, Proportional, Regressive
Types of Taxes
Direct - income, estate, real property
Indirect - excise, import, VAT
TRAIN Law
Vision for the Philippines to accelerate poverty reduction and address inequality. It is a
simpler, fairer, and efficient tax system that aids in the sustainability of the people,
revenues, and infrastructures of the country.
TRAIN Law Beneficiaries
VAT-medicine, Infrastructures, Healthcare, Students, Poverty, Education, Pantawid
Pasada Program
Personal Income Tax
based on SG
Estate Tax
privilege of transmitting property upon the death of the owner
ANSWERS 100% VERIFIED
3 Powers of the Government
(1) Police
(2) Domain
(3) Taxation
Power of Taxation
Legislature
- impose and demand contribution upon persons for generating revenue for the public
Power of the Legislative Branch
Congress - examines the bill
Purpose of Taxation
(1) Generate Revenue
(2) Regulation
(3) Reduce Social Inequity
(4) Implement Protectionist Policy
(5) Economic Growth
Sound Tax System
(1) Theoretical Justice
(2) Administrative Feasibility)
, (3) Fiscal Adequacy
Tax
amount that is levied or imposed
Types of Tax Structure
Progressive, Proportional, Regressive
Types of Taxes
Direct - income, estate, real property
Indirect - excise, import, VAT
TRAIN Law
Vision for the Philippines to accelerate poverty reduction and address inequality. It is a
simpler, fairer, and efficient tax system that aids in the sustainability of the people,
revenues, and infrastructures of the country.
TRAIN Law Beneficiaries
VAT-medicine, Infrastructures, Healthcare, Students, Poverty, Education, Pantawid
Pasada Program
Personal Income Tax
based on SG
Estate Tax
privilege of transmitting property upon the death of the owner
