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    EL LA
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    During the Commonwealth period in the Philippines, the government increased income tax rates in 1936 and abolished the cedula tax, imposing a new residence tax on citizens aged 18 or older. In 1939, it drafted a National Internal Revenue Code. While taxation burdened the lower class most, the upper class and political elites were often able to benefit more from the tax system. During World War 2, economic activity declined under Japanese occupation, and tax collection became difficult as the main sources of revenue came from smaller activities like amusements and licenses.

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    During the Commonwealth period in the Philippines, the government increased income tax rates in 1936 and abolished the cedula tax, imposing a new residence tax on citizens aged 18 or older. In 1939, it drafted a National Internal Revenue Code. While taxation burdened the lower class most, the upper class and political elites were often able to benefit more from the tax system. During World War 2, economic activity declined under Japanese occupation, and tax collection became difficult as the main sources of revenue came from smaller activities like amusements and licenses.

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    4 views1 page

    History

    Uploaded by

    EL LA
    During the Commonwealth period in the Philippines, the government increased income tax rates in 1936 and abolished the cedula tax, imposing a new residence tax on citizens aged 18 or older. In 1939, it drafted a National Internal Revenue Code. While taxation burdened the lower class most, the upper class and political elites were often able to benefit more from the tax system. During World War 2, economic activity declined under Japanese occupation, and tax collection became difficult as the main sources of revenue came from smaller activities like amusements and licenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Summary

    Taxation During the Commonwealth Period


     New measures and legislation.
     Income tax rates were increased in 1936.
     Cedula tax was abolished
     Residence tax was imposed on every citizen aged 18 years old
     In 1939, the Commonwealth government drafted National
    Internal Revenue Code.
     The lower class still felt the bulk of the burden of taxation, while
    the upper class, the landed elite or the people in political
    positions, were able to maneuver the situation that would
    benefit them more
     During World War ll
     Economies activity was put to a stop and the Philippines bowed
    to a new set of administrators, the Japanese. Foreign trade fell
    and the main sources of taxation came from amusements,
    manufactures, professions, and business licenses.
    As the war raged, tax collection was a difficult task.

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