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20 Cards in this Set
- Front
- Back
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Presupposes that the more benefit one receives from the government, the more taxes he should pay |
Benefit Received Theory |
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Presupposes that taxation should also consider the tax payers ability to pay. Based on their relative capacity to sacrifice. |
Ability to pay theory |
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Ones ability to pay is directly proportional to the level of his tax base |
Vertical Equity |
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Consideration of the particular circumstances of the texpayer |
Horizontal Equity |
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Power of the state to enforce proportional contribution from its subjects to sustain itself |
Taxation Power |
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Power of the state to enact laws to protect the well being of the people |
Police power |
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Power of the state to take private property for public use after paying just compensation |
Eminent Domain |
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Levy or Imposition |
Involves the enactment of a tax law by congress |
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Involves assessment or the determination of the tax liabilities of taxpayers and collection |
Assessment and Collection |
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Place of taxation |
Situs |
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When the same tax payer is taxed twice by the same tax jurisdictions for the same thing |
Double Taxation |
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When all the element of double taxation exist for both impositions |
Direct Double Taxation |
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When at least one of the secondary elements of double taxation is not common for both imposition |
Indirect double taxation |
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Means available to the taxpayer to limit or to avoid the impact of taxation |
Escapes from taxation |
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Refers to any act or trick that tends to illegally reduce or avoid tax |
Tax Evasion |
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Any act that reduces or totally escapes taxes by any legal means |
Tax Avoidance |
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Immunity from tax |
Tax exemption |
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Process of transferring tax burdem to other taxpayers |
Shifting |
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Is a general pardon granted by the government |
Tax amnesty |
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Is forgiveness of the tax obligation of a certain taxpayer |
Tax Condonation |
