Fundamentals of Taxation, Principles Flashcards
Inherent power of the state to demand enforced contribution for public purpose to support the government.
a. Taxation as a process
b. Taxation as a power
c. Taxation as a mode of cost allocation
d. None of the choices
b.
Power to enact laws to promote the general welfare of the people.
a. Taxation
b. Police power
c. Eminent domain
d. Pawer! (add accent ni sir Rex)
b.
The power to take public property for private use upon payment of just compensation
a. Taxation
b. Police power
c. Eminent domain
d. None of the choices
d.
Eminent domain is the power to take PRIVATE PROPERTY for PUBLIC USE upon payment of just compensation
As to persons affected, it affects community or class of individuals
a. Police power
b. Eminent domain
c. Taxation
d. Choices a and c
e. Choices b and c
d.
True or false: all private entities can exercise the power of eminent domain.
False.
Certain private entities like electric, water, and utilities cooperatives can exercise this power.
Which of the following are similarities of the three powers of the state?
a. All are constitutionally and inherently restricted
b. They are only strictly exercised by the government
c. They are all legislative in nature
d. All of the choices
c.
Identification: the impact of taxation is known as _____________?
Clue: __________ Ackerman
Levy or imposition
One of the following is not a nature or characteristic of the power of taxation:
a. Territorial
b. Absolute
c. For public purpose
d. Subject to international comity or treaty
b.
Not absolute, being subject to constitutional and inherent limitations
This doctrine states that taxes are indispensable to the state. Without taxation the state cannot raise revenue to support its operations.
a. Holmes Doctrine
b. Marshall Doctrine
c. Doctrine of Equitable Recoupment
d. Lifeblood Doctrine
d.
The following are secondary purposes of taxation, except:
a. Raise revenue
b. Check inflations
c. Key instrument of social control
d. Protect local industries
a.
Raising revenues is a PRIMARY PURPOSE, not secondary.
What is the basis of taxation?
a. Government and the people have the reciprocal and mutual duties of support and protection
b. The existence of the government is a necessity
c. Choices a and b
d. Neither choice a nor b.
a.
The following are current objects of taxation, except:
a. Persons
b. Properties
c. Privileges
d. Transactions
e. All of the choices are correct
e.
Tax payment should be based on benefits received is what theory?
a. Ability to pay theory
b. Lifeblood theory
c. Benefit received theory
c.
This kind of double taxation is objectionable and prohibited for violating the constitutional provisions on uniformity and equality.
a. Indirect
b. Direct
c. Both a and c
d. Neither a nor c
b.
Statement I - Shifting is the process of transferring the tax burden from the statutory taxpayer to another without violating the law
Statement II - Transformation is the process where the seller is willing to lower the price of the commodity provided the taxes will be shouldered by the buyers.
a. Both statements are true
b. Both statements are false
c. Only statement II is false
d. Only statement I is false
c.
