x��wTS��Ͻ7��" %�z �;HQ�I�P��&vDF)VdT�G�"cE��b� �P��QDE�݌k �5�ޚ��Y�����g�}׺ P���tX�4�X���\���X��ffG�D���=���HƳ��.�d��,�P&s���"7C$ Guiding principles of good tax policy The guiding principles, listed below, are commonly cited and used as indicators of good tax policy. To enable candidates understand the general objectives of taxation and to apply this knowledge in practice by calculating income tax for different taxable persons including individuals, partnerships, corporate bodies and taxation principles applicable to special trades. Secondary Purpose (Non-revenue) - to regulate. The two central principles of taxation relate to the impact of tax on efficiency concerned with the allocation of resources) and equity (concerned with the distribution of income). Objectives At the end of this lecture, the students shall be able to: • Define taxation. Income a. For example, if 1. It is intended for guidance only and as such should not be regarded as a B. 1398 •EMINENT DOMAIN POWER. << /ProcSet [ /PDF /Text ] /ColorSpace << /Cs1 7 0 R >> /Font << /TT1 8 0 R TAX AVOIDANCE VS. TAX EVASION. �*h��|Cf(��H��#o��N��B�z�yb$��c��bk�C��^(��)]۱�PfҝrE��7��\ڢ.���t��l�a��63 �;��_�O�c�����B\4>s�Y�����"���(�D�P7� *�n7�(D*���Y(,\d�&�!��!�Q��FU� ��t��Mu27;\��GT��{���!��5��62��$E�`! 5 0 obj Download Full PDF Package. Three basic principles of a sound tax system . ), p. 2, citing 1 Cooley 63. General Principles of Taxation Tax 111 – Income Taxation Ferdinand C. Importado CPA, MBA 2. This paper provides a background to options available to the government moving forward, starting with basic principles of taxation, criteria for evaluation, tax instruments and mix of instruments. GENERAL PRINCIPLES OF TAXATION FUNDAMENTAL PRINCIPLES IN TAXATION. ߏƿ'� Zk�!� $l$T����4Q��Ot"�y�\b)���A�I&N�I�$R$)���TIj"]&=&�!��:dGrY@^O�$� _%�?P�(&OJEB�N9J�@y@yC�R �n�X����ZO�D}J}/G�3���ɭ���k��{%O�חw�_.�'_!J����Q�@�S���V�F��=�IE���b�b�b�b��5�Q%�����O�@��%�!BӥyҸ�M�:�e�0G7��ӓ����� e%e[�(����R�0`�3R��������4�����6�i^��)��*n*|�"�f����LUo�՝�m�O�0j&jaj�j��.��ϧ�w�ϝ_4����갺�z��j���=���U�4�5�n�ɚ��4ǴhZ�Z�Z�^0����Tf%��9�����-�>�ݫ=�c��Xg�N��]�. Taxation as distinguished from police power and power of eminent domain. [7A�\�SwBOK/X/_�Q�>Q�����G�[��� �`�A�������a�a��c#����*�Z�;�8c�q��>�[&���I�I��MS���T`�ϴ�k�h&4�5�Ǣ��YY�F֠9�=�X���_,�,S-�,Y)YXm�����Ěk]c}džj�c�Φ�浭�-�v��};�]���N����"�&�1=�x����tv(��}�������'{'��I�ߝY�)� Σ��-r�q�r�.d.�_xp��Uە�Z���M׍�v�m���=����+K�G�ǔ����^���W�W����b�j�>:>�>�>�v��}/�a��v���������O8� � GENERAL PRINCIPLES OF TAXATION FUNDAMENTAL PRINCIPLES IN TAXATION. When income is taxable i. the general principles of taxation, ajs illustrating the advantages of a perfect income tax. 2Dimaampao, Tax Principles and Remedies, 2008 ed., pp. THREE INHERENT POWERS OF THE SOVEREIGN STATE. GENERAL PRINCIPLES OF TAXATION FUNDAMENTAL PRINCIPLES IN TAXATION. It means that the tax burden should be proportionate to the taxpayer’s ability to pay. /TT2 9 0 R >> >> a paper read before the dublin statistical society: 18th november, 1850. by w. neilson hancock, lld. These principles are still considered to be the starting point of sound public finance. GENERAL PRINCIPLES OF TAXATION I. 13 0 obj General Principles of Taxation. Definition and nature b. TAXATION TAXATION is the inherent power by which the sovereign, through its law-making body, raises revenue to defray the necessary expenses of the government. Realization and recognition of income Fiscal adequacy . 8424 or the Tax Reform … In general, it is said that the tax incidence falls upon capital, labour and/or consumption. Ferdinand Pauig. 18 Full PDFs related to this paper. endobj << /Type /Page /Parent 3 0 R /Resources 6 0 R /Contents 4 0 R /MediaBox [0 0 612 792] A citizen of the Philippines residing therein is taxable on all income derived from sources within and without the Philippines; **�a�"�1�O˶�ts?ۅ�PN�Z"�=�J0�u~{���&��P�-�_�x{�&w�� h�É���X�`� �b?iX�z��I��MR�!��8�Ȭ�ƈ\A{x�C�8nׂ$�5�k "]�86\l��=�7��&���5�R��� Bq�a[�\eT�(�t�[�6��,� G�@��PbU����3���+Uw�b��`F�N��H}��z�J��)Ϗ'�:-���zCI8L�5� The first four principles are the maxims of taxation laid out by economist Adam Smith in his 1776 work, The Wealth of Nations.1 These principles… 11 0 obj %PDF-1.3 CHAPTER 1 General Principles and Concepts of Taxation. It is merely a way of apportioning the cost if the government among those who in some measures are privileged to enjoy its benefits and, therefore, must bear its burdens. Law on Taxation [a] Can the CIR of the Philippines also tax the same shares? {u�zV@*����?���:#G����6���u��y���O�46�g`~����CX홙-� 6 General Principles of Philippine Income Taxation (A) RESIDENT CITIZENS are taxable for income sourced from within or without. Basic Economics With Land Reform And Taxation Pdf Download -> DOWNLOAD (Mirror #1) Primary Purpose (Revenue/Fiscal) - to raise revenues for the support of the government. 10 0 obj x��َGr���)�f�n�. ��.3\����r���Ϯ�_�Yq*���©�L��_�w�ד������+��]�e�������D��]�cI�II�OA��u�_�䩔���)3�ѩ�i�����B%a��+]3='�/�4�0C��i��U�@ёL(sYf����L�H�$�%�Y�j��gGe��Q�����n�����~5f5wug�v����5�k��֮\۹Nw]������m mH���Fˍe�n���Q�Q��`h����B�BQ�-�[l�ll��f��jۗ"^��b���O%ܒ��Y}W�����������w�vw����X�bY^�Ю�]�����W�Va[q`i�d��2���J�jGէ������{�����׿�m���>���Pk�Am�a�����꺿g_D�H��G�G��u�;��7�7�6�Ʊ�q�o���C{��P3���8!9������-?��|������gKϑ���9�w~�Bƅ��:Wt>���ҝ����ˁ��^�r�۽��U��g�9];}�}��������_�~i��m��p���㭎�}��]�/���}������.�{�^�=�}����^?�z8�h�c��' The first principle, efficiency, means that the tax system raises enough revenue to sponsor projects without burdening the economy and the system shall not become a disincentive for performance. A short summary of this paper. FUNDAMENTAL PRINCIPLES OF TAXATION – 29 Chapter 2 Fundamental principles of taxation This chapter discusses the overarching principles of tax policy that ... taxes can have a similar tax incidence. 01 General Principles of Taxation. THE POWER TO PROTECT CITIZENS AND PROVIDE SAFETY AND WELFARE OF SOCIETY. 2612 3 Benjamin B. Aban, Law of Basic Taxation in the Philippines (Revised Ed. . ��'��R��V��Nr�q���1�QU�P�36ü��h��7�L�=ˑ��O���7� This paper. READ PAPER. •POLICE POWER. ١~b�!�g�c;��8��ׄh�r��! x�X�n�6}�W�K �Q�(�11ܢEk׎��ovk^��׽�e?�g8C�o�XX@Ԑ�ùs�7tJ7�RiMn��RՖT����n����ᝥ���w�n�Rh~qye��mɷ�)�d��W-�ı�ҋ��d��PJu�Q�η�Y�, �r�����દ6��pU��+*g�tE����p��e]QY#^��r��yA��X ��DaѶ�Ƚ���`��4���Զ0U�����YHW��T���Z���-$��sS;[RYyS6�,���Kއ2��Ġ�(�^ftPP�V�JJO0k����PL0�Je/��?ch�,6� 6 0 obj endstream general principles of taxation. 19-20. Double taxation means (1) taxing twice (2) by the same taxing authority (3) with the same jurisdiction (4)for the same purpose (5) in the same year. Property is taken to promote the general welfare. Download Full PDF Package. endobj ANGELA LEONOR C. AGUINALDO ATENEO LAW 2010 CHAPTER 1 GENERAL PRINCIPLES FEATURES OF PHILIPPINE INCOME TAXATION TAX SITUS Literally means the place of taxation, or the country that has ATENEO LAW 2010 CHAPTER 1 GENERAL PRINCIPLES FEATURES OF PHILIPPINE INCOME TAXATION TAX … national law: National Internal Revenue Code—enacted as Republic Act No. The Philippines does not have a general anti-avoidance clause within its tax code. The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts. This paper. Outcomes On completion of this module the candidate should be able to: i. E�6��S��2����)2�12� ��"�įl���+�ɘ�&�Y��4���Pޚ%ᣌ�\�%�g�|e�TI� ��(����L 0�_��&�l�2E�� ��9�r��9h� x�g��Ib�טi���f��S�b1+��M�xL����0��o�E%Ym�h�����Y��h����~S�=�z�U�&�ϞA��Y�l�/� �$Z����U �m@��O� � �ޜ��l^���'���ls�k.+�7���oʿ�9�����V;�?�#I3eE妧�KD����d�����9i���,�����UQ� ��h��6'~�khu_ }�9P�I�o= C#$n?z}�[1 \��b`�0y�9�u@�i�����l���+լq��mӐ�(j1ş �*��0���L\eI�G^Җ*[W$J_)M�6������H��P�uP��MD��.Գ� The property being a property located in the Philippines, it is subject to the Philippine estate tax irrespective of the citizenship or residence of the decedent (Sec. L݇sʦ¨Æýf\8!ÀÒInrb´‘urO¾Î¯ùʜGזÔL|xsw«è7‹ÞðVŒ1(Äáù3ìæ܅–Žéþ[Ê:]n˜Â˜•fà j Ό'ÙäúCÇÊßh49\bp÷ô¦a@Á ¿—ÐxÍpOï°§àÅ&vh{A€»¹èÁÀŠ‰. PDF | On Jan 1, 2010, Kerrie L. Sadiq and others published Principles of Taxation Law | Find, read and cite all the research you need on ResearchGate (A) the religious dignitary is assigned to the Philippine Army (B) it is paid by a local government unit (C) the payment is passed in audit by the COA 1US 4 Wheat 316, 31 r I/Ed. It means that the sources of revenue should be sufficient to meet the demands of public expenditures. D. There is generally no limit as to the amount that may be imposed. prepared by my University of the Philippines Visayas BA 127 class (2015) endobj ˯�Fݏ�/U%�͢���n*_�G�}u�h����5��V��/X)=�,���A��_)�E�wm?�q�U��� N�a���2���X�3�ȟ�$e \�Kx?��(��&[���'ߍ�.���~�D8EV4j`���Y��8o�L�j��ۣ�>O��kSy������|K������P��b!� INCOME TAX REVIEWER AND CASE DIGESTS PAGE- 1 – MA. Equality or theoretical justice . General principles of taxation 1. stream In this article we will discuss about the principles of taxation. #{��2C��ʡ��.��R��'@�KW�_����ۯɶ��L2�3�[ܱ�c5>��_z�A�$�I,G���^ѿG[_'�T���%��f���s$I� Nꏳ��6X3���7�,.0��=]��.�2�p�s�(=6/ ��JNCb�SCb=�Ɛ A tax is a compulsory payment made by individuals and companies to the govern­ment on the basis of certain well-established rules or criteria such as income earned, property owned, capital gains made or expenditure incurred (money spent) on domestic and imported articles. �FV>2 u�����/�_$\�B�Cv�< 5]�s.,4�&�y�Ux~xw-bEDCĻH����G��KwF�G�E�GME{E�EK�X,Y��F�Z� �={$vr����K���� Under Section 23 of the National Internal Revenue Code of the Philippines (NIRC), as amended, the general principles of income taxation concerning individuals are as follows: 1.) It was a thirty-minute speech on the basics of the Philippine Tax system presented to the students of the Mindanao State University - Iligan Institute of Technology on … stream endobj Maybe exercised only by the government. 579. Learn vocabulary, terms, and more with flashcards, games, and other study tools.Basic Economics, Taxation and Land Reform This blog is made in compliance with the final requirement for the subject ECON01A as part of the Final Exam for Second .Politics and Economics of Land Reform in the Philippines: . stream A short summary of this paper. A good tax system follows the four principles of taxation. A citizen of the Philippines residing therein is taxable on all income derived from …