Which is an incorrect statement regarding taxes? *       a. Taxes are necessary for the continued existence of the government.       b. The obligation to pay tax does not rest upon the privilege enjoyed by or the protection afforded to the citizen of the government but upon the

Q: A) Which do you think is the most important among the three inherent powers of the state? Why?

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

Q: he government argues that you had control of income even though you did not make the actual deposit…

A: Governmental Accounting -The planning and management of public money is the responsibility of…

Q: What are some of the notable characteristics of tax?

A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…

Q: Write True of the statement is correct, otherwise, write False and underline the part/s that make…

A: There are 15 statements so I am answering them one by one and for better understanding, I am…

Q: .Several benefits accrued to Gov’t from taxation. As a tax expert who has failed your lecturer you…

A: Taxes are mandatory or monetary charges that the government imposes on individuals or organizations…

Q: a. Explain what is meant by general anti-avoidance rule.  B).  State what impact this could have on…

A: Anti-avoidance in general:- The GAAR is a concept that allows a country's Revenue Authority to deny…

Q: .      The Bureau of Internal Revenue filed a case against Prorealty Corporation due to…

A: This is a case of tax delinquency and penalties for companies operating in the Philippines. Tax law…

Q: The concept of reverse onus, as it relates to taxation in Canada, suggests: Select one:

A: In the intricate landscape of Canadian taxation, the concept of reverse onus holds significant…

Q: a. The purpose meaning, it may be used to make up for the benefit receiv . Taxes may be imposed for…

A: Tax refers to the financial or necessary obligation which is imposed on the people of country or…

Q: Why might revenues generated from the tax fall short of expectations?   2. Do you think that…

A: Everybody has needs and wants. The demands and wants may not all be able to be met by the current…

Q: Public officials are not accountable to citizens for public monies and how they are spent. True…

A: Following is the answer to the given question

Q: True or False: The income a U.S. company reports to the IRS (i.e. to calculate taxes), could be…

A: The income in the income statement is different from those the tax authorities choose and pay taxes…

Q: The Tax Code was created to punished people who did not pay taxes.  True  False

A: Tax code is created  for individual and who are in  businesses .In this tax code lots of sections,…

Q: Select all the true statements from the following pool of statements: A - Tax, being one of the…

A: The answer for the question of identifying true statements is discussed hereunder.  Tax is a…

Q: Revenue of the government is composed of tax and other source of income. * A. True B. False

A:

Q: ● ● ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM Fiscal Adequacy - sources of revenue should be…

A: There are two types of taxes levied by any government which is the main source of revenue for the…

Q: Which of the following payment is a capital expenditure and not deductible under profits tax?

A: 1(a)  Payment to a departing employee agree for not competing with the company.   1(b)  1,3 and 4…

Q: II. How Sin taxes help the health of the people?

A: II.  Sin tax are imposed on the goods which are harmful for health ( such as alcohol, tobacco etc. )…

Q: If our taxes only go to fake sand or corruption, why do we have to pay taxes?

A: In finance it is said that in life there are two things that a person can never avoid and that is…

Q: Tax evasion is defined as a willful attempt to defraud the government. What are some examples of an…

A: Tax Evasion: It is the effort by an individual or a corporation to avoid paying the taxes that are…

Q: Please provide Solutions

A: Demand-side economics emphasizes the importance of consumer spending and aggregate demand as the…

Q: axation is described as a symbiotic relationship whereby in exchange of the benefits and protection…

A: Tax represents the liability for an individual or company that has to be paid to the government. It…

Q: 1. Whenever there is conflict between the Tax Code and the Civil Code, Tax Code will prevail over…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: A) Which do you think is the most important among the three inherent powers of the state? Why? B) If…

A: Tax refers to the amount paid by the citizens of the country to the government. tax is paid every…

Q: What statement is false? a. A tax on consumption will effectively result in virtually all residents…

A: The question is related to consumption Tax. A consumption tax is a tax on the purchase of a good or…

Q: Which of the following will be considered as tax evasion?   Reducing tax by paying gift aid…

A: Every person who is liable to pay taxes calculates tax payable by self assessment, which involves…

Q: It is the place where an authority has the right to impose and collect taxes. *         a. Source…

A: Tax: It refers to a mandatory financial levy imposed by the government on the taxpayer including…

Q: Taxes result in an excess burden or welfare loss, but government subsidies always result in a…

A:

Q: 1. "Taxes are necessary evil". Based on what we discussed in class, discuss and argue why this is…

A: The statement "taxes are a necessary evil" suggests that while taxes may be unpleasant or…

Q: A) Which do you think is the most important among the three inherent powers of the state? Why? B) If…

A: Tax is a compulsory payment made to the government of the country. The residents of the country are…

Q: fiscal

A: Introduction: Tax can be defined as mandatory levy by the government on the citizens of the country.…

Q: • Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public…

A: A sound tax system is the backbone of any nation as it generates…

Q: that without taxes, a government would be paralyzed for lack of power to activate and operate it,…

A: Taxes are levied by the government on their citizen in order to generate the income for the project…

Q: if the government should pursue the policies that have led to allowing the exclusion of certain…

A: According to the Income-tax laws, Assessee is required to pay tax on income earned by them from all…

Q: Even though transfer taxes do not affect all individuals, individuals affected by a transfer tax can…

A: Here asked for Multi question we will solve for first question as per guidelines.  If you need…

Q: Tax functions that accounting and finance professionals may assist clients with include all but the…

A: Lets understand the all the terms. Tax compliance means a following set of rules of the tax for…

Q: When taxes are "too high", taxpayers start to cheat on their taxes and dangerous consequences can…

A: Tax:   A tax is a compulsory charge or a levy imposed upon a taxpayer by a government organization…

Q: • Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public…

A: Every govenment wish to act as a welfare state.  Wealth is…

Q: (1) Do you agree that giving companies tax breaks forcharitable contributions distorts public…

A: Tax break refers to the method which results in decrease to the tax liability of the taxpayers and…

Q: Which of the following is not considered a purpose of taxation?    A. To regulate B. To make the…

A: Tax means the mandatory payment made by tax payer to the government without expecting anything…

Q: 3) What is income tax payable? A company's liability, based on profitability, that is paid in…

A: Taxes are the fees charged by the government. Ii is levied on the taxable income of the taxpayers.…

Q: It is the obligation of compulsory taxes on individuals or corporations by governments. Taxes are…

A: Tax Imposition: Nearly every nation on earth has some kind of taxation, which is defined as the…