TAXES AND LEVIES IMPOSED and COLLECTED BY THE PHILIPPINE GOVERNMENT Ma. Ivy V. Fuentiblanca I-BSBA Block 3 Mrs. Galang Economics and Land Reform A. Under the National Internal Revenue Code: 1. Income Taxes It is a tax on a person’s income‚ emoluments‚ profits arising from property‚ practice of profession‚ conduct of trade or business or on the pertinent items of gross income specified in the Tax Code of 1997 (Tax Code)‚ as amended‚ less the deductions and/or
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over use of these products. Recently‚ governments have tried to raise taxes on other products like large‚ sugar-filled soft drinks and junk foods. There has been opposition to raise taxes on soft drinks and snack foods‚ but it is a good idea. There is evidence that these taxes can reduce the number of people who purchase these items. Therefore‚ the added cost can help people be make better choices and be healthier. Sin taxes are something that governments have been doing for hundreds of years
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revolutionizing the video rental business. It clearly shows the company’s ability on utilizing superior customer service‚ emerging technologies‚ strategic partnerships‚ empowerment of employees and creating an ever growing subscriber base to transform the traditional video rental in to a 21st century on-demand concept. Video-on-Demand is the recent video streaming technology where pay-per-view programming merges with Internet downloading. Netflix‚ an online subscription-based DVD rental company‚ entered the
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When asked the question‚ "Which of the three types of taxes best fits the taxpayers needs?"‚ there are several factors to consider. Criteria for taxation and principles of taxation are some of those factors. Three criteria for taxes are equity‚ simplicity‚ and efficiency. Two principle of taxation are benefit principle and ability-to-pay principle. All of these factors either serve or disservice the taxpayers and help determine which taxes are most beneficial. As I have mentioned‚ criteria for
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"For Imposing Taxes on us Without our Consent" The section of the Declaration of Independence titled "The Charges Against the King is extremely important. The English Declaration of Rights included a similar section‚ so without indicating the revolutions’ causes it would have been very difficult to justify independence. Today and during the time of the revolution many of the accusations seemed rather weak and unsupported. However there were some that were considered by all to be significant infractions
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PROBLEM DEFINITION General Subject: Business Specific Topic: Computer Rental and Profit Monitoring System with Removable Disk Detector Main Problem: Poor billing/logging Specific Problem: Manual billing and logging has problems such as: * Difficuly to manage their business in doing a manual billing and logging in the log book * Wrong computations of profit * Inaccurate records of data Cause of the problem: * employee * Environment * Security * Resources Effects
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A car rental company gives automobiles on hire for a particular period of time for a fee. A car may be rented for a few hours or even for few months at a stretch. The global car rental market primarily serves people who temporarily need a vehicle. Car rentals garner a lot of interest from customers going on vacation. It also serves as a good option when people need an extra vehicle just for a couple of days or when a customer’s own car is unavailable. From economy cars to luxury cars and SUVs
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Annual taxes are mandatory for everyone to pay. These taxes are very beneficial to our economy because they are relied on to build some of the most important things a society needs to progress. Not only do these taxes help improve our quality of living‚ but they also fund government programs such as public education‚ foster care‚ and welfare. These programs are all designed to help society grow and advance as a whole. Most taxes are paid by middle-income families because the top one percent make
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civilization‚ citizens have already been paying taxes. Taxes are necessary for any society (Scheve and Savage‚ 2016). However‚ the problem with taxation is how much do we have to tax. More importantly‚ what would be the basis for the amount of tax? In my opinion‚ personal income should be the basis for the amount of tax to be paid. Therefore‚ the rich should pay more taxes than others. Why should the rich pay more taxes? They should pay more taxes because it is their obligation as the members
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Discuss whether indirect taxes on petrol should be reduced Petrol is seen as a de-merit good as it can cause market failure as the free market may fail to take into account the negative externalities of consumption (pollution) because the social cost exceeds the private cost. Consumers too may experience imperfect information about the long term costs to themselves of consuming products deemed to be de-merit goods By imposing indirect tax on producers it raises their costs of production‚ shifting
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