municipality an annual tax of P 1,000.00". At the time the ordinance was approved, Asis Candy Company was the only factory operating in Taal. 6. "B" who wishes to avoid the payment of taxes assessable on the transaction was advised by this tax consultant to make it appear on the deed of sale that the selling price was only P 200,000.00, although it was actually P 300,000.00. 7. YMCA, a "welfare, educational and charitable non-profit corporation," leased its facilities to small shop owners, restaurants and canteen operators, and collected parking fees. YMCA contends that its rental income is not subject to tax. 8. Taxes are a grant of the people who are taxed, and the grant must be made by the immediate representative of the people. And where the people have laid the power, there it must remain and be exercised 9. The tax ordinance enacted by the Municipal Board of Manila was assailed as not being a "tax ordinance", because the imposition of rentals, permit fees, tolls and other fees is not strictly a taxing power but a revenue raising function. 10. The VAT law is principally aimed to rationalize the system of taxes on goods and services; simplify tax administration to enable the country to attain economic recovery. CASES: 1. Labung died in 2015 leaving a bank deposit of P20 million under a joint account with his wife, Madel. Learning of Labung's death from the newspapers, the Commissioner of Internal Revenue wrote to every bank in the country asking them to disclose to him the amount of deposits that might be outstanding in the name, or jointly with others at the date of his death. May the ABC Bank holding the deposit refuse to comply on the ground of the Secrecy of Bank Deposit Law? Explain. 2. Emy paid the tax in instalment. The first instalment was paid on April 14, 2015 while the final instalment was paid June 20, 2015. She filed a claim for refund of May 02, 2016 and received the Commissioner's decision denying her claim on May 31, 2017. Was the claim for the refund filed on time? 3. Was the claim for refund filed on time? 4. When is the last day to appeal the Commissioner's decision to the Court of Tax Appeals? 5. Suppose the two-year period is about to lapse but she has not yet received the Commissioner's decision or her claim, what action should be taken by Emy