9:074. A law granted tax amnesty to those who had not paid income taxes forcertain year. Those who had paid their income taxes for the said yearassailed the law as class legislation since the Executive Order did notprovide for the refund of taxes to those who had already paid them.هأ%84 ا... ... .5. The Sangguniang Bayan of Taal, Batangas, passed an ordinance which reads"An ordinance imposing upon Asis Candy Company or any other person orentity operating a candy factory within the municipality an annual tax ofP1,000". At the time and ordinance was approved, Asis Candy Companywas the only candy factory operating in Taal.6. "B" who wishes to avoid the payment of taxes assessable on the transactionwas advised by his tax consultant to make it appear on the deed of sale thatthe selling price was only P200,000 although it was actually P300,000.7. YMCFA, a "welfare educational and charitable non-profit corporation"leased its facilities to small shop owners, restaurants and canteen.operators, and collected parking fees. YMCA contends that its rentalincome is not subject to tax.8. Taxes are a grant of the people who are taxed, and the grant must be madeby the immediate representatives of the people. And where the peoplehave laid the power, there it must remain and be exercised.9. The tax ordinance enacted by the Municipal Board of Manila was assailedas not being a "tax ordinance", because the imposition of rentals permitfees, tolls and other fees is not strictly a taxing power but a revenue raisingfunction.10. The VAT law is principally aimed to rationalize the system of taxes on goodsand services; simplify tax administration to enable the country top attaineconomic recovery.11. PD 1987, according to the Supreme Court, was imposed primarily foranswering the need for regulating the video industry, particularly be causeof the rampant film piracy, the flagrant violation of intellectual; propertyrights, and the proliferation of pornographic video tapes, hence, while thedirect beneficiary of the said decree is the movie industry, the citizens areheld to be its indirect beneficiaries.12. Twelve corporations, engages in the motion picture business, contest thevalidity of Ordinance No. 2958 of the City of Manila, which reads as follows"An ordinance imposing a fee on the price of e very admission ticket soldby the cinematographers, et." Appellants point out to the fact that theordinance in question does not tax "many more kinds of amusements" thanthose therein specified, such as "race tracks, cockpits, cabarets, concerthalls, circuses, and other places of amusement".13. A man may perform an act that he honestly believes to be sufficient toexempt him from taxes. He does not incur fraud thereby even if the act isthereafter found to be insufficient.|||O< Use the term below, the general principle of taxation involved in each case bychoosing your answer from the following options.A. Tax avoidanceB. Tax evasionC. Primary purpose of taxationD. License feeE. Tax exemptionF. Regulatory taxG. Taxpayer's suitH. Legislative in character1. TerritorialityJ. Equal protection of lawK. Public purposeL. Doctrine of symbiotic relations shipM. Administrative feasibilityCASES:1. The City of Davao passes an ordinance imposing an annual fee of P500 tobe paid by every attendant or helper of a massage clinic.2. The Congress passed a law imposing a tax on the manufacture of sugar bysugar centrals and another tax on owners of land planted to sugar cane.The collections from said taxes were to accrue to a special fund to be usedexclusively for the rehabilitation of the sugar industry.3. Is a Filipino citizen wo resides abroad and whose properties are outside thePhilippines, subject to the taxing power of the government?4. A law granted tax amnesty to those who had not paid income taxes forcertain year. Those who had paid their income taxes for the said yearassailed the law as class legislation since the Executive Order did notprovide for the refund of taxes to those who had already paid them.5. The Sangguniang Bayan of Taal, Batangas, passed an ordinance which reads"An ordinance imposing upon Asis Candy Company or any other person orentity operating a candy factory within the municipality an annual tax ofP1,000". At the time and ordinance was approved, Asis Candy Companywas the only candy factory operating in Taal.f sale t6. "B" who wishes to avoid the payment of taxes assessable on the transactionwas advised by his tax consultant to make it appear on t'the selling price was only P200,000 although it was ac7. YMCFA, a "welfare educational and charitable non-pleased its facilities to small shop owners, restaurants and canteen.000.poration

Taxation refers to the practice of imposing charges (taxes) on individuals, businesses, or other…

Use the term below, the general principle of taxation involved in each case by choosing your answer from the following options. A. Tax avoidance B. Tax evasion C. Primary purpose of taxation D. License fee E. Tax exemption F. Regulatory tax G. Taxpayer's suit H. Legislative in character 1. Territoriality J. Equal protection of law K. Public purpose L. Doctrine of symbiotic relations ship M. Administrative feasibility CASES: 1. The City of Davao passes an ordinance imposing an annual fee of P500 to be paid by every attendant or helper of a massage clinic. 2. The Congress passed a law imposing a tax on the manufacture of sugar by sugar centrals and another tax on owners of land planted to sugar cane. The collections from said taxes were to accrue to a special fund to be used exclusively for the rehabilitation of the sugar industry. 3. Is a Filipino citizen wo resides abroad and whose properties are outside the Philippines, subject to the taxing power of the government? 4. A law granted tax amnesty to those who had not paid income taxes for certain year. Those who had paid their income taxes for the said year assailed the law as class legislation since the Executive Order did not provide for the refund of taxes to those who had already paid them. 5. The Sangguniang Bayan of Taal, Batangas, passed an ordinance which reads "An ordinance imposing upon Asis Candy Company or any other person or entity operating a candy factory within the municipality an annual tax of P1,000". At the time and ordinance was approved, Asis Candy Company was the only candy factory operating in Taal. 6. "B" who wishes to avoid the payment of taxes assessable on the transaction was advised by his tax consultant to make it appear on t' f sale t the selling price was only P200,000 although it was ac 300. poratio 7. YMCFA, a "welfare educational and charitable non-p leased its facilities to small shop owners, restaurants and canteen

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q