Country: Philippines 1) Explain the three purposes of taxation. Fiscal purpose - Regulatory purpose - Compensatory purpose
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Question:
Country: Philippines
1) Explain the three purposes of taxation.
Fiscal purpose -
Regulatory purpose -
Compensatory purpose -
2) explain the lifeblood theory and its relevance of the basis of taxation(benefit-protection theory)
3) double taxation is an act of the state or the sovereign, thru its agent, of taxing twice the same property of the same taxpayer for the same purpose during the same taxable year by the same taxing authorities. What does the constitution say about this?
Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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