Quiz 2 Flashcards
The transfer of the burden of a tax by the original payer
Shifting
Way of shifting the tax payer
Forward shifting
Backward shifting
Onward shifting
Is one pointof which a tax is originally imposed
Impact of taxation
Is that point on which the tax burden finally rest or settle down
Incidence of taxation
The exploitation by the taxpayers of legally permissible alternative tax rates or methods
Tax avoidance
Method of escape in taxation whereby the manufacturer or the producer upon whom the tax has been imposed pays the tax
Transformation
Is the use by the taxpayers of illegal or fraudulent means to defeat or lessen the payment of the tax
Tax evasion
The grant of immunity to particular persons or corporation of a particular class
Exemption
Kinds of tax exemption
- Express or affirmative
- Implied or exemption by Omission
- Contractual
A claim for refund barred by prescription may be allowed to offset unsettled tax liabilities
Doctrine of Equitable Recoupment
Partakes of an absolute forgiveness or waiver by the government of its right to collect what otherwise would be due it
Tax amnesty
Is an immunity from all criminal and civil obligations arising from non payment of taxes
Tax amnesty
Is an immunity from all civil liability only
Tax exemption
When the burden of the tax is transferred from a factor of production through the factors of distribution until it finally settles3
Forward shifting
When the burden of the tax is transferred from the consumer or purchaser through the factors of distribution
Backward shifting
When the tax is shifted 2 or more time either forward or backward
Onward shifting
Either entirely or part may be made by provisions of the constitution, statutes, treaties, ordinance, franchise or contracts
Express or Affirmative
When a tax is levied on certain classes without mentioning the other classes
Implied or exemption by Omission
In the real sense of the term and where the non impairment clause of the constitutions can rightly be invoked
Contractual
