Ram is the only practicing lung transplant specialist in Baguio city. The government of Baguio passed a local ordinance subjecting the practice of lung transplant to 2% tax based on receipts. Ram objected claiming that other transplant specialist in other regions of the country are not subjected to tax. Is Ram's contention valid? Mention any applicable theories in taxation to answer

Ram is the only practicing lung transplant specialist in Baguio city. The government of Baguio passed a local ordinance subjecting the practice of lung transplant to 2% tax based on receipts. Ram objected claiming that other transplant specialist in other regions of the country are not subjected to tax. Is Ram's contention valid? Mention any applicable theories in taxation to answer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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