Based on the discussion of tax purposes and principles, what can say about the taxation system in the Philippines? Referring to your answer in number 1, are you satisfied with the manner of implementation of taxation system in our country? What are the suggestions that you have in mind to enhance and upgrade the taxation system of our country?
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- Assume you are a fresh graduate from UPSA with Public Finance as one of your specializations. You have been employed by the Ministry of Finance in your country. The government of your country is in the process of designing a better tax system in order to maximize revenue for accelerated economic development. a. Your superior has assigned you the task of assisting in designing the new tax system. Discuss what a good tax system would require and explain the specific economic challenges that affect taxation in your country. b. Explain two (2) major reasons why the incidence of taxation should be of paramount importance to the Government. c. Discuss four (4) major recommendations you would offer a neigbouring country that is in the process of introducing VAT in their country.Explain two (2) major reasons why the incidence of taxation should be of paramount importance to theGovernment. Discuss four (4) major recommendations you would offer a neigbouring country that is in the process ofintroducing VAT in their country.Assume you are a fresh graduate from UPSA with Public Finance as one of your specializations. You have been employed by the Ministry of Finance in your country. The government of your country is in the process of designing a better tax system in order to maximize revenue for accelerated economic development. Your superior has assigned you the task of assisting in designing the new tax system. Discuss what a good tax system would require and explain the specific economic challenges that affect taxation in your country.
- Fill out the table below. Which among the types of taxes (national or local, Philippines) do you think can be REDUCED, REMOVED or REVISED to the benefit of both the government and the common individual. Cite relevant sources such as previous research studies, taxation programs and the like.Your superior has assigned you the task of assisting in designing the new tax system. Discuss what a good tax system would require and explain the specific economic challenges that affect taxation in your country.How to improve taxation system in the Philippines?
- Discuss problems regarding tax evasion in a country? What should be the solution that can be done by the government?Which of the following is not an underlying objective of the income tax laws? A. Income tax laws enable the government to regulate the health of the economy. B. Income tax laws are designed to converge with U.S. GAAP rules. C. Income tax laws enable the government to assist certain members of society who are viewed as deserving help. D. Income tax laws are designed to raise money for the operation of the federal government.It is talking about Hong Kong Tax, Special Business, Profit Tax Computation of Financial instituition, please explain what is DIPN 21 and its related two concepts, "Initiation" and "funding" with example, and explain the two drafts below.
- Use the term below, the general principle of taxation involved in each case by choosing your answer from the following options. A. Tax avoidance B. Tax evasion C. Primary purpose of taxation D. License fee E. Tax exemption F. Regulatory tax G. Taxpayer's suit H. Legislative in character 1. Territoriality J. Equal protection of law K. Public purpose L. Doctrine of symbiotic relations ship M. Administrative feasibility CASES: 1. The City of Davao passes an ordinance imposing an annual fee of P500 to be paid by every attendant or helper of a massage clinic. 2. The Congress passed a law imposing a tax on the manufacture of sugar by sugar centrals and another tax on owners of land planted to sugar cane. The collections from said taxes were to accrue to a special fund to be used exclusively for the rehabilitation of the sugar industry. 3. Is a Filipino citizen wo resides abroad and whose properties are outside the Philippines, subject to the taxing power of the government? 4. A law granted…Income Taxation: INDIVIDUAL INCOME TAXATION in the philippinesCan you show me the solution as to why Letter b. P 47, 500 is the answer?Your Group has formed a tax advisory firm. One of your clients in considering investing in the country assigned to your Group. The company has requested general tax advice in respect of the VAT regime in the assigned country. Your Group is required to provide this advice. Additionally, the company has requested high -level tax advice on the other taxes in that country that they may need to consider. Each group will be assigned to conduct research one of the Caribbean Country below: 1.Bahamas