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It is inherent in sovereignty
Essential
It is a legislative in character
Cannot
branch
Under constitution only congress can impose
taxes
Granted to the local government subject to such
guidelines and limitation provided by law
A tax is proportional
Government
A tax is regressive
Government
A tax is progressive
Government
It is enforced contribution
It is generally payable in cash
It is proportionate in character
It is levied on person or property
It is levied by the State which has
jurisdiction over the person or property
It is levied by the lawmaking body of the
state
It is levied for public purposes
Fiscal Adequacy
It
Administrative Feasibility
This
As to subject matter:
Personal, Poll, or Capitation Tax
1.
2. Property
Tax
Excise Tax
Refers
Ex. VAT
INTRODUCES IN THE Phil on Jan. 1, 1988
Adopted by developing nations of the world, as an effective
method of raising revenues with a minimum collection cost.
Tax
Indirect
Tax
As to determination of account
Specific
Ad
Tax
Valorem Tax
As to purpose
General
Special
Tax
Tax
As to scope
National
Local
Tax
Tax
Constitutional
Inherent
Internal
Custom
Revenue
Duties
of taxation
ex. Real property
Direct Duplicate
Indirect Duplicate
Elements
of Direct Duplicate
Taxing twice
Same taxing authority
Within the same taxing jurisdiction
For the same purpose
In the same taxable period
Involving same purpose
Indirect
Occurs
Duplicate
Shifting
One
FORWARD SHIFTING
BACKWARD SHIFTING
ONWARD SHIFTING
Capitalization
Reduction
Transformation
Manufacturer
Tax Evasion
Tax Avoidance
Tax Exemption
National
National
Local Taxes
Local
code tax
Real property tax code
Tax ordinance