8. Generally, the following can exercise the power of taxation, except: a. The local sanggunian b. The members of the House of Representatives c. The president d. The senators
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Q: The Congress of the Philippines enacted a law exempting the compensation and/or allowance or…
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- The Congress of the Philippines enacted a law exempting the compensation and/or allowance or payments given to frontliners in consideration of their efforts in combatting COVID-19. This power exercised by the legislative department is in keeping with? Group of answer choices Power of eminent domain Police Power Military power Power of Taxation Professional tax collected by Treasurers of local government units is an example of: Group of answer choices Direct tax Specific tax Income tax Privilege tax8 Which of the following statements is/are correct?I. The test for exemption from real property tax of private educational institutions is its use and not ownership.II. As a general rule, a tax exemption is an act of liberality which can be revoked by the government.III. Taxes are paid only by those who are directly benefiting from the government.IV. All revenue bills must originate from the Senate.V. All laws granting tax exemption must be approved by a two-thirds (2/3) vote of all the members of the Congress. Group of answer choices Answer not given I, III, IV and V All statements are incorrect All statements are correct I and II II, III, IV and V I, II and IV1. In view of the powers vested by the Tax Code to the Commissioner of Internal Revenue (CIR), the CIR accredited specific banks and authorized such as its agent in receiving payments of taxes. The act of the CIR is in keeping with the principle of: a. Administrative Feasibility b. Fiscal Adequacy c. Situs of Taxation d. Theoretical Justice
- 2. See the Wynne case. Explain, as set forth in the majority opinion, the constitutional limits on the sovereign power of Maryland to tax 100% of the income of its residents.The following are the reserved powers of Congress in exercising taxation, except:a. Determination of the deficiency taxesb. Discretion on who to taxc. Identify the method how to collect the taxd. The purpose of the levyThe federal tax laws, written by W, are found in the X. The rules related to these tax laws are written by the Y, while the Secretary of State is responsible for Z a. W = Treasury Department; X = the Federal Register; Y = IRS; Z = federal taxation b. W=IRS;X=NewYorkTimes;Y=SEC;Z= foreignaffairsc. W = Congress; X = Internal Revenue Code; Y = Treasury Department; Z = foreign affairs *d. W = the President; X = Internal Revenue Code; Y = IRS; Z = consumer product safety
- 1. Who is the immediate superior officer of the Commissioner of Internal Revenue? Group of answer choices President of the Philippines Secretary of Finance The People Thomas Shelby 2. Who has the authority to exercise the State's power to tax? Group of answer choices Legislative Judiciary President of the Philippines ExecutiveWhat is the jurisdictional amount for filing civil action for collection of taxes to Court of Tax Appeals? a. If the principal amount of taxes is P300,000 or less exclusive of charges and penalties. b. If the principal amount of taxes is P400,000 or less exclusive of charges and penalties. c. If the principal amount of taxes is at least P1,000,000 exclusive of charges and penalties. d. If the principal amount of taxes is at least P500,000 exclusive of charges and penalties.Please answer asap,i will rate u thanks! Settled is the rule that in tax matters, the government is not estopped by the errors or mistakes committed by its agents or officers. This should be construed to mean that: a) The state may still collect prescribed taxes. b) BIR can still present evidence to prove as¬sessment. c) The power to tax is plenary and compre¬hensive. d) The power to tax is supreme and unlimited.
- 1. In light of the authority vested by the Tax Code to the Commissioner of Internal Revenue (CIR), the CIR recommended to the Secretary of the Department of Finance the creation of revenue district offices (RDOs) throughout the Philippines. The act of the CIR is in keeping with the principle of: a. Administrative Feasibility b. Fiscal Adequacy c. Theoretical Justice d. UniformityWhich of the following statements are correct? i. A tax is a statutory obligation that is imposed by an act of parliament in a country. ii. A tax is any deduction taken from a person’s salary by the government. iii. Taxation is the major source of government income. iv. Direct and indirect taxes are the two broad categories of taxation.Which of the following items make up the legislative history of a tax law? Question 22 options: Congressional floor debate IRS Publications Circular 230 All of the above