Answered step by step
Verified Expert Solution
Question
1 Approved Answer
TRUE OR FALSE: Only the State can exercise the inherent powers. Taxation is the process by which the Bureau of Internal Revenue levies and collects
TRUE OR FALSE:
- Only the State can exercise the inherent powers.
- Taxation is the process by which the Bureau of Internal Revenue levies and collects taxes for use to defray public expenditures.
- A person may refuse to pay tax on the ground that he will receive no benefit from it.
- Bayanihan to Recover as One Act was enacted into law exempting the frontliners on their additional allowance/compensation related to their function. In case of doubt in application, the interpretation will be most likely in favor of the frontliner.
- Tax is a voluntary fee levied by the State.
- No person will be imprisoned for non-payment of tax.
- Taxes are imposed only for purposes of raising revenues.
- The Commissioner of Internal Revenue has the power to impose taxes upon businesses.
- Situs is the place or jurisdiction of taxation.
- The purpose of requiring payments for applications of license is revenue generation.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started