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HIS 101 > FT: Taxation > Flashcards

FT: Taxation Flashcards

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1
Q

“is a people organized for law within a definite territory”

A

Woodrow Wilson

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2
Q

State is a combination or association of persons in the form of government and governed and united together into a politically organized people in a definite territory

A

Sidgwick

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3
Q

State is a community of people live in a definite form of territory free of external control and possessing an organized government which people show habitual agreement

A

Gardner

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4
Q

the whole number of people or inhabitants in a country or region

A

POPULATION

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5
Q

is the system to govern a state or community

A

GOVERNMENT

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6
Q

a geographic area belonging to or under the jurisdiction of a governmental authority

A

TERRITORY

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7
Q

authority, in the decision-making process of the state

A

SOVEREIGNTY

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8
Q

EEZ

A

Exclusive Economic Zone

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9
Q

POWERS OF THE GOVERNMENT

A
  1. Police Power
  2. Power of Eminent Domain
  3. Power of Taxation
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10
Q

The power of the State to regulate Liberty, and property for the promotion of the general welfare

A

POLICE POWER

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11
Q

salus populi est suprema lex

A

The welfare of the people is the supreme law

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12
Q

to forcibly acquire private property, upon payment of just compensation, for some intended public use

A

POWER OF EMINENT DOMAIN

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13
Q

to demand from the members of the society their proportionate share or contribution in the maintenance of the government. It is a mode of raising revenue for public purposes

A

POWER OF TAXATION

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14
Q

lifeblood of the government

A

TAX

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15
Q

mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities

A

TAX

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16
Q

practice of collecting taxes (money) from citizens based on their earnings and property

A

TAXATION

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16
Q

percentage of generated income that is relinquished to the state or federal government

A

Income Tax

17
Q

person legally authorized to practice his profession shall pay the professional tax to the province where he practices his/her profession

A

Professional Tax

18
Q

tax paid on property owned by an individual or other legal entity, such as a corporation

A

Property Tax

18
Q

Taxes on imported goods; imposed with the aim of strengthening domestic businesses

A

Tariff or Import Duty

19
Q

paid in place of residence of the individual or in the place where the principal office of the juridical entity is located

A

Community Tax

20
Q

a percentage of the total cost of a good or service

A

Value Added Tax

21
Q

a tax on the production, sale or consumption of a commodity in a country

A

Excise Tax

22
Q

the pricier the product, the higher the tax

A

Ad valorem Tax

23
Q

depending on how many products/volume

A

Specific Tax

24
Q

tax paid

A

Product Tax

25
Q

Train Law

A

Tax Reform for Acceleration and Inclusion Law

26
Q

signed in to law by Former President Duterte on December 19, 2017 in Malacañang

A

RA 10963 - TRAIN LAW

27
Q

due to failure or refusal to pay

A

CIVIL LIABILITY

28
Q

make the Philippine Tax System simpler, fairer, and more efficient to promote investments, create jobs and reduce poverty

A

Train Law

29
Q

illegal non-payment or underpayment of taxes

A

TAX EVASION

30
Q

is levied in the exercise of the taxing power while license fees emanate from the police power of the state

A

Taxation

31
Q

Imposed by Police Power

A

License fee

32
Q

is a punishment for the commission of a crime

A

PENALTY

32
Q

is a demand of proprietorship, an amount charged for the maintenance of the property used while tax is a demand of sovereignty for the purpose of raising revenue

A

Toll

33
Q

is an immunity from civil liability only

A

TAX EXEMPTION

34
Q

It is an immunity or privilege, a freedom from charge or burden of which others are subjected

A

TAX EXEMPTION

35
Q

is an immunity from all criminal and civil obligations arising from non-payment of taxes

A

TAX AMNESTY

36
Q

“CONGRESS SHALL EVOLVE A PROGRESSIVE SYSTEM OF TAXATION.”

A

ART. 6 SEC. 28 (1) PHILIPPINE CONSTITUTION

37
Q

“NO LAW GRANTING ANY TAX EXEMPTION SHALL BE PASSED WITHOUT THE CONCURRENCE OF A MAJORITY OF ALL MEMBERS OF CONGRESS.”

A

ART. 6 SEC. 28 (4) PHILIPPINE CONSTITUTION

38
Q

“CHARITABLE INSTITUTIONS, CHURCHES, AND PARSONAGES OR CONVENTS APPURTENANT THERETO, MOSQUES, NONPROFIT CEMETERIES, AND ALL LANDS, BUILDINGS, AND IMPROVEMENTS ACTUALLY, DIRECTLY, AND EXCLUSIVELY USED FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES SHALL BE EXEMPT FROM TAXATION.”

A

ART. 6 SEC. 28 (3) PHILIPPINE CONSTITUTION

39
Q

are imposed for regulatory purposes

A

license fees

HIS 101 (11 decks)

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