P(A)_Long Quiz_Income Taxation

The following may define as Taxation, EXCEPT:

• As a State power

• As a legislative process

• As a mode of government cost distribution

• As a mode of government income distribution

Taxes are the lifeblood of the government, and their prompt and certain availability are an imperious need.

• True

• False

Inherent limitations are those provided for in the constitution or implied from its provisions.

• True

• False

The following are examples of Inherent Limitations, EXCEPT:

• Territoriality of taxation

• International Comity

• Public Purpose

• Uniformity rule in taxation

Situs is the place of _________.

• Taxation

• Business

• Income

• Expenses

This refers to any act or trick that tends to illegally reduce or avoid the payment of tax

• Tax Evasion

• Tax Avoidance

• Tax Exemption

• Tax Minimization

This theory presupposes that taxpayers should be required to contribute based on their relative capacity to sacrifice for the support of the government.

• Benefit Received Theory

• Holme's Doctrine

• Ability to Pay Theory

• Marshall Docrtine

National Internal Revenue Code (NIRC), Local Tax Code, and Real Property Tax Code are example of _________.

• Tax Laws

• Exemption Laws

• Government Agencies

• SItus of Taxation

Which of the following statement is/are true?

Statement 1: Tax must not violate constitutional and inherent limitations.

Statement 2: Tax must be uniform and equitable.

Statement 3: Tax is generally payable in money and in kind.

• I and II

• I and III

• II and III

• I, II, and III

A type of tax as to purpose, wherein a tax is imposed to regulate business, conduct, acts, or transactions.

• Fiscal tax

• Regulatory tax

• Sumptuary tax

• Revenue tax