to stabilize prices and stimulate greater/lesser production To increase domestic production: how does tax work on import? Capital deficient businesses? Detrimental or luxurious businesses?

Paid either in the place where income is earned or the place of residence of the taxpayer. E.g. Ms. L resides in Quezon City and works in Makati.

This is paid where the property is situated. You were born in Pasig. Your current house is situated in Makati and you work in Taguig. Where is your place of payment for your Real Property Tax?

This is paid in the place where the business or occupation is located. Ms. S resides in Caloocan City and has a beauty parlor in Manila.

Taxes on tangible properties are paid in the place where the property is located Taxes of intangible properties (immovable) is the owner’s domicile This refers to the place of permanent residence of the owner

1) Shifting 2) Capitalization 3) Tax Avoidance (tax minimization) 4) Tax Evasion (tax dodging) 5) Tax Exemption 6) Transformation

PASSING OF TAX BURDEN TO CONSUMERS

P51.53

REDUCING THE PRICE OF A TAXABLE PRODUCT LOW PRICE = LOW TAX

MINIMIZING THE TAX DUE BY CONVERSION OR REDISTRIBUTION OF PROPERTIES

NOT DECLARING TAXABLE ITEMS ANNUAL TAX DUE: BEFORE APRIL 15

IMMUNITY BESTOWED BY LAW ON A TAXPAYER

RELIGION/ CHARITABLE OR NON-PROFIT INSTITUTIONS GOVERNMENT ENTITIES INTERNATIONAL COMITY TERRITORIAL JURISDICTION

NO TAX ON RELIGIOUS PRACTICES/ PURPOSE NO TAX ON RELIGIOUS, CHARITABLE & NON-PROFIT INSTITUTIONS EXCEPT WHEN PRIEST IS ASSIGNED TO A GOVERNMENT OFFICE

GOVT OBTAINS ITS REVENUE FROM TAXING ITS PEOPLE TAXING ONESELF WILL NOT GENERATE INCOME

EXCEPT FOR GOVERNMENT OFFICES: TASK IS TO HAVE PROFIT DUTY & FUNCTION TO GIVE SERVICE VS DUTY TO ACCUMULATE PROFIT

EXEMPTION OF FOREIGN DIPLOMATS SOVERIGN EQUALITY AMONG STATES UNDER INTERNATIONAL LAW

TAX LAWS ARE APPLICABLE WITHIN JURISDICTIONAL LIMITS A person, outside the state, may be taxed where there is relation between him and the taxing state.

Baseline: outerpoints

LGUS CAN IMPOSE TAX ON LOCAL BUSINESSES WITHIN THEIR JURISDICTION EXCEPT FOR: INCOME TAX REGISTRATION FEES OF VESSELS PETROLEUM PRODUCTS VAT

REAL PROPERTY TAX TAXES ON LAND, RESIDENTIAL, PROPERTY, COMMERCIAL, INDUSTRIAL BUILDINGS

AMUSEMENT TAX

IMPLIES AS A LEGAL EVIDENCE OF OWNERSHIP AND OBLIGATION

PER UNIT TAX SIN TAX TO DISCOURAGE THE CONSUMPTION OF SUCH GOODS