Define Taxation as a: a. State power b. Process c. Mode of cost distribution 2. Theory of taxation 3. Basis of taxation 4. *Give your opinion on “receipt of benefits is conclusively presumed’’. Explain. 5. Define the theories of cost allocation: a. Benefit received theory b. Ability to pay theory 6. Vertical vs horizontal equity 7. Explain the lifeblood doctrine 8. Explain: inherent powers of the state 9. *Explain: “Inferior to the Non-Impairment Clause” of the constitution and “Superior to the Non-Impairment Clause” of the constitution. 10. Short Answers only: a. (5 inherent Limitations) b. (16 constitutional limitations) 11. Differentiate: Levy or imposition vs Assessment & collection 12. Explain 5 examples situs of taxation 13. *Manny Pacquiao’s case: Double taxation or not? Support your opinion. 14. Explain: 3 escapes of taxation that will result to loss of government revenue. 15. Differentiate: Tax amnesty and tax Condonation.
Define Taxation as a: a. State power b. Process c. Mode of cost distribution 2. Theory of taxation 3. Basis of taxation 4. *Give your opinion on “receipt of benefits is conclusively presumed’’. Explain. 5. Define the theories of cost allocation: a. Benefit received theory b. Ability to pay theory 6. Vertical vs horizontal equity 7. Explain the lifeblood doctrine 8. Explain: inherent powers of the state 9. *Explain: “Inferior to the Non-Impairment Clause” of the constitution and “Superior to the Non-Impairment Clause” of the constitution. 10. Short Answers only: a. (5 inherent Limitations) b. (16 constitutional limitations) 11. Differentiate: Levy or imposition vs Assessment & collection 12. Explain 5 examples situs of taxation 13. *Manny Pacquiao’s case: Double taxation or not? Support your opinion. 14. Explain: 3 escapes of taxation that will result to loss of government revenue. 15. Differentiate: Tax amnesty and tax Condonation.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
1. Define Taxation as a:
a. State power
b. Process
c. Mode of cost distribution
2. Theory of taxation
3. Basis of taxation
4. *Give your opinion on “receipt of benefits is conclusively
presumed’’. Explain.
5. Define the theories of cost allocation:
a. Benefit received theory
b. Ability to pay theory
6. Vertical vs horizontal equity
7. Explain the lifeblood doctrine
8. Explain: inherent powers of the state
9. *Explain: “Inferior to the Non-Impairment Clause” of the
constitution and “Superior to the Non-Impairment Clause”
of the constitution.
10. Short Answers only:
a. (5 inherent Limitations)
b. (16 constitutional limitations)
11. Differentiate: Levy or imposition vs Assessment &
collection
12. Explain 5 examples situs of taxation
13. *Manny Pacquiao’s case: Double taxation or not? Support
your opinion.
14. Explain: 3 escapes of taxation that will result to loss of
government revenue.
15. Differentiate: Tax amnesty and tax Condonation.
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