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Juan is a retired judge. His retirement benefits were deposited with a private bank savings deposit. After two (2) years he realized that the interest
Juan is a retired judge. His retirement benefits were deposited with a private bank savings deposit. After two (2) years he realized that the interest income earned is lower. He withdraw substantial amount then placed it on a five (5) year time deposit with a government bank of which the interest income earned is exempted from final taxes. Is there a valid escape of taxation? If so, in what form? Explain. use CRAC method to
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