TAXATION EXAM REVIEW
Summary
TLDRThe transcript covers a review session on taxation, emphasizing its inherent power as a function of the state. It discusses key taxation concepts such as proportionality, legislative power in imposing taxes, and the roles of taxation, police power, and eminent domain. The speaker explains progressive and regressive tax systems, tax amnesty, the ability-to-pay principle, and the structure of direct and indirect taxes. The session also highlights important exam topics, offering advice to students about upcoming exams, and includes a motivational incentive for top performers.
Takeaways
- đ Taxes are a power of the state to impose financial burdens on persons and property.
- âïž The principle of taxation should be proportionate to the taxpayerâs ability to pay, known as theoretical justice.
- đïž The legislative branch imposes taxes, while the executive branch collects them.
- đ The three inherent powers of the government are taxation, police power, and eminent domain.
- đ A progressive tax system means taxes increase as the tax base increases.
- đ Tax amnesty refers to a general pardon where the government waives its right to collect certain taxes.
- đŒ Fiscal adequacy means the tax system must meet the expanding needs of the government.
- đŠ The Bureau of Internal Revenue (BIR) is responsible for collecting taxes in the Philippines.
- đ A resident alien is taxed on both their local and worldwide income.
- đĄ The power to tax is legislative in nature, and any tax exemption provided by the Constitution is self-executing.
Q & A
What is the inherent power of the state to impose financial burdens on persons and property?
-The inherent power of the state to impose financial burdens on persons and property is called taxation.
What principle states that taxes should be proportionate to the taxpayer's ability to pay?
-This principle is known as theoretical justice.
Which branch of government is responsible for implementing and collecting taxes?
-The executive department is responsible for implementing and collecting taxes.
What are the three inherent powers of the government?
-The three inherent powers of the government are taxation, police power, and eminent domain.
What does a progressive tax system imply?
-A progressive tax system implies that the tax rate increases as the tax base increases.
What is the principle of fiscal adequacy?
-Fiscal adequacy is the principle that the tax system must meet the expanding needs of the government.
What is the primary purpose of taxation?
-The primary purpose of taxation is for the government to collect revenue to fund its projects.
Is the power to tax delegated to the President?
-No, the power to tax is not delegated to the President. It is provided for by the Constitution.
What is the rule on taxation concerning uniformity and equity?
-The rule on taxation is that it should be uniform and equitable.
What is the nature of a corporate income tax?
-A corporate income tax is an example of a proportionate tax and is considered direct taxation.
Outlines
đŒ Introduction to Taxation Principles
The paragraph introduces the concept of taxation as an inherent power of the state. It explains the principle of theoretical justice, which states that taxes should be proportional to an individual's ability to pay. The legislative process of taxation, where the legislative department creates tax laws and the executive department collects taxes, is discussed. The paragraph also outlines the three inherent powers of the government: taxation, police power, and eminent domain. Finally, the concept of progressive taxation is explained, where the tax rate increases as the tax base increases.
âïž Understanding Delegation and Tax Systems
This paragraph delves into the delegation of tax powers, clarifying that the power to tax is not delegated to the president but is constitutionally guided. It explains the 'ability to pay' principle as a sound basis for taxation and provides examples of direct taxes like corporate income tax. The rule that taxation must be uniform and equitable is emphasized, and it is clarified that non-payment of certain taxes does not result in imprisonment. The paragraph concludes with a reiteration that the power to tax is legislative and must follow the benefits and protection theory.
đ Key Points for the Upcoming Exam
The third paragraph focuses on preparing for the upcoming exams, with reminders about key taxation concepts such as tax exemptions, resident alien taxation on global income, and the inherent limitations of taxation (e.g., territoriality). It stresses that constitutional provisions on taxation are self-executing and do not require additional laws for enforcement. The speaker also mentions the structure of the upcoming exams, emphasizing that most of the discussed topics will be included. The speaker motivates students by mentioning a reward of Php500 for the top scorer in each section.
Mindmap
Keywords
đĄTaxation
đĄAbility to Pay Principle
đĄLevy
đĄProgressive Tax
đĄEminent Domain
đĄPolice Power
đĄBureau of Internal Revenue (BIR)
đĄTax Amnesty
đĄFiscal Adequacy
đĄTerritoriality
Highlights
There will be 10 identification questions in the exam, each worth 2 points.
Taxation is an inherent power of the state to impose financial burdens on persons and property.
The principle that taxes should be proportionate to the taxpayer's ability to pay is called theoretical justice.
Taxation is a legislative power, but the executive branch is responsible for collecting taxes.
The three inherent powers of the government are taxation, police power, and eminent domain.
Progressive tax systems increase as the tax base increases.
The Bureau of Internal Revenue (BIR) is the agency responsible for collecting taxes.
Tax amnesty refers to a general pardon, waiving the government's right to collect taxes.
Fiscal adequacy means that the tax system must meet the expanding needs of the government.
The main purpose of taxation is to raise revenue for government projects, not to control public behavior.
Income tax is an example of direct taxation.
Nonpayment of poll taxes does not result in imprisonment.
The benefits and protection theory highlights the reciprocity between the state and its citizens.
A resident alien is taxed on worldwide income, both from within and outside the Philippines.
The Constitution provides for self-executing tax exemptions that do not require any additional legislation.
Transcripts
20 item 20 points and
Identification is also equivalent to Two
points each There Will Be 10 questions
under the Identification so now let's
Begin we all know the taxation is
inherent power of the state to impose
financial burdens on persons and
property so the principle that taxes
should be proportionate to the tax
payers ability to pay is what we call
also theoretical justice always remember
that the government cannot exist without
taxation so as to the aspect of taxation
that refers to the legislative Act of
imposing tax as you can remember we have
collection and
Levy Levy refers to the aspect of
taxation that refers to the legislative
Act of
tax the taxation is legislative in
nature but it is the executive
department who implements and collects
the taxes kumbaga si legislative
department lang nagpanday sa mga balaod
we've also discussed the three inherent
powers of the government as you can
remember taxation police power and
eminent domain taxation refers to the
ability of the government to impose
taxes or impose Burden upon persons or
property whereas eminent
domain refers to the state the power of
the state to take private property for
public use whereas police power is the
power of the government to regulate the
behavior for the public welfare As I've
also mentioned that we have a
progressive system of taxation when we
say progressive tax It is a tax that
increases as the tax base increases so
therefore DU sila kabuok nag-increase
tax base and ang tax
Okay the location where a tax is imposed
was also discussed or what we call cus
of taxation ' ba there are different
types sa seus of taxation Depende if
resident alien siya or nonresident alien
now the administrative branch of the
government or the executive branch of
the
government Siya ang nag collect sa taxes
ang agency
as to the collection of taxes is the
bure of
Internal Revenue we've also discussed
about tax
amnesty when we see tax amnesty It is a
general pardon involving a waver of the
government's right to collect taxes so
tax amnesty take note of the word
general pardon so tanan na ay mag aning
tax
amnesty In Line with the theoretical
justice we've also discussed with about
fiscal adequacy when we say fiscal
adequacy it is the principle that the
tax system must Meet the expanding needs
of the government So this is the reason
why kinahanglan mo increase taripa ang
gobyerno batok sa mga taxes or saong
local government code kinahan siya ma
amendahan every 5 years because the
taxes should Meet the needs of the
government So are you still
following
pa Maam now the primary purpose of
taxation is not to control the public
behavior the primary purpose of taxation
is for the government to collect money
para na siya panggasto sa sa mga
projects niya there are two aspects of
taxation Levy and
collection always remember as well the
three inherent powers of the state
taxation police power and eminent
domain there are certain instances
wherein taxation is del
however a statement that power to tax is
delegated to the president is
incorrect because it is the constitution
who provided for the
delegation sa President delegate sa
President fixing of the tar customs
duties
import president
the ability to pay principle is also a
sound basis for
taxation also Please take note of the
definition of regressive
tax and remember that a corporate income
tax is an example of a proportionate
tax when you are asked if
the income tax is a direct tax or an
indirect tax an income tax is considered
as a direct taxation Okay it is an
example of a direct
tax always remember that the rule on
taxation is uniform and equitable
and also remember the concept that
nonpayment of po tax does not lead to
imprisonment w makulong if you do not
pay your po
tax so the Main Purpose of taxation
again is not to control the people but
Revenue and the power to tax is
legislative in
nature and that the benefits and
protection theory is based on the
reciprocity between the state and the
citizens also remember the definition of
the progressive tax system very
agressive tax
system
and tax
exemptions are self executing
constitutional
grants so also remember that a resident
alien shall be taxed on its worldwide
income so From Within And without the
philippines so katong imong Gina earn
abroad and Ang imuhang gina earn dire sa
Philippines if you are a resident
Citizen meaning dirik ka sa Philippines
nagpuyo m
Okay also remember that inherent
limitation of taxation includes
territoriality and kin may nagaingon ng
taxation shall be uniform and equitable
it is the constitution which
provides for the said
doctrine
Okay I think that's it perfect Nam mo
basta si if the constitution provides
for the exemption it is considered as a
self executing ng balaod it does not
require any Republic Act for it to be
enforceable kuha n
so just take note of the things that
I've discussed for tonight because most
of them will come out during sa exams so
There Will Be three sets sa exams ninyo
This
coming Saturday I don't know if magung
Pao another set kay medyo ang setup m sa
AVR is makita ninyo ang iny UB So good
luck in exams I've designed the First
exam as very easy for you
to build up more grades Okay I know pag
midterms and finals daghan Nam
Moog kaang subjects okay that's it for
tonight Thank you very much for
attending today's review wala din nako
Siya na-record na-record ba nako
na-record ata so thank you very much ay
wala si sige ba-bye thank you see you
Saturday Ma'am you Ma'am we not have our
class next Thursday because kinanan
moong mag-study Okay thank you Thank you
ma'am bye Thank you bye Ay By the way By
the way I give
Php500 kung I will give Php500 kung
kinsa man ang top one sa exam so per
section niyo siya ha per section So if
na mag maga mo sa 500 Okay lumoy you
have a
question last
we
medal Okay Yes Yes thank
youniz wala del ko mag attendance ay
Sige po
okay sige sige
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