State policy on taxation under R A eight four two four: Answer.
State policy on taxation under R A eight four two four: Answer.
a) To promote sustainable economic growth through rationalization of Philippine internal revenue tax system and tax administration.
b) To provide as much as possible an equitable relief to a greater number of taxpayers.
c) To create a robust environment for business to enable them to compete better in regional and global market.
d) To ensure that Government can provide the needs of the people within its territorial jurisdiction.
Power of Taxation defined:
Power of Taxation defined:
Answer. It is an attribute of sovereignty and emanates from necessity.
a. As a power - It refers to the inherent power of the state to demand enforced contribution upon its subjects and objects within its territorial jurisdiction for public purpose to support the government,
b. As a process - It is the legislative act of laying a tax to raise income for the government to defray its necessary expenses. It is the means whereby the government distributes the burden of its coat among those who enjoy its benefits.