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  • Critique Paper by Cuizon, Francis John BSBA FM 2D

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    This document is a critique paper submitted by Francis John Cuizon about the fundamental principles of taxation. It discusses key concepts like how taxation allows governments to raise revenue, the tax code, and the three inherent powers of the state: taxation, police power, and eminent domain. It also covers the primary and secondary purposes of taxation, theories of taxation like the lifeblood theory, the basis of taxation like benefits received, and elements of a tax like its broad and comprehensive scope. The paper indicates the author gained a deeper understanding of these taxation concepts from watching an explanatory video.

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    Critique Paper By Cuizon, Francis John BSBA FM 2D

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    This document is a critique paper submitted by Francis John Cuizon about the fundamental principles of taxation. It discusses key concepts like how taxation allows governments to raise revenue, the tax code, and the three inherent powers of the state: taxation, police power, and eminent domain. It also covers the primary and secondary purposes of taxation, theories of taxation like the lifeblood theory, the basis of taxation like benefits received, and elements of a tax like its broad and comprehensive scope. The paper indicates the author gained a deeper understanding of these taxation concepts from watching an explanatory video.

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    © All Rights Reserved
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    12 views2 pages

    Critique Paper by Cuizon, Francis John BSBA FM 2D

    Uploaded by

    cuizonfrancis13
    This document is a critique paper submitted by Francis John Cuizon about the fundamental principles of taxation. It discusses key concepts like how taxation allows governments to raise revenue, the tax code, and the three inherent powers of the state: taxation, police power, and eminent domain. It also covers the primary and secondary purposes of taxation, theories of taxation like the lifeblood theory, the basis of taxation like benefits received, and elements of a tax like its broad and comprehensive scope. The paper indicates the author gained a deeper understanding of these taxation concepts from watching an explanatory video.

    Copyright:

    © All Rights Reserved
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    of 2

    Republic of the Philippines

    BILIRAN PROVINCE STATE UNIVERSITY


    ISO 9001: 2015 CERTIFIED
    SCHOOL OF ARTS AND SCIENCES

    “Fundamental Principles of Taxation”


    Income Taxation
    (Critique paper)

    Submited by: Cuizon, Francis John. BSBA FM 2D


    Submitted to: Ma. Grace Docallos

    Main Campus, P. Inocentes St., P.I. Garcia, Naval, Biliran Province, Philippines 6560
    Tel. (053) 507-0014‫ ן‬Telefax. (053) 507-0014
    SUC Level III-A (Per DBM-CHED Joint Circular #B dated June 21, 2007
    Website: www.bipsu.edu.ph | Email: sas@bipsu.edu.ph | Facebook: www.facebook.com/iambipsusas

    WoWBiPSU
    Republic of the Philippines
    BILIRAN PROVINCE STATE UNIVERSITY
    ISO 9001: 2015 CERTIFIED
    SCHOOL OF ARTS AND SCIENCES

    Cuizon, Francis John


    BSBA FM 2D
    Taxation Law
    Faculty on a Civil Law (1774)

    “Fundamental Principles of Taxation”


    By: Benjamin D. Teodoro and
    Hector S. De Leon
    (Critique Paper)

    I've learned about the video is all about taxation, it define as a process or means
    which the sovereign it is the independent State, and through it's law-making body it is
    the legislature. Also, there are two parts of congress first is the Senate and the other
    one is the House of Representatives. Government impose a tax because their
    purpose is to raising revenues in our government. The tax code is also known as
    The National Internal Revenue Code of 1997 that took effect on January 1, 1998.
    Government make a tax law just to collect money just to sustain the cost of our
    government.I learned that government is not only imposing taxes for the properties
    and person only, but they also impose on the privilege and transactions. It introduces
    to me also the 3 inherent power of the state which is the (1)power of taxation,
    (2)police power and (3)the power of an eminent domain, which the powers needed in
    establishing an independent state.

    In part 2 of the video I gained a deeper understanding about the primary and
    secondary purposes of taxation, as well as its theory and its basis. The Theory of
    Taxation talks about the Lifeblood Theory or Necessity Theory, while the Basis of
    Taxation talks about the benefits received or reciprocity theory. I have also learned
    the five manifestations of the lifeblood doctrine, which pertains to tax as the lifeblood
    of the government and its prompt and certain availability is an imperious need.
    Scope of the power of taxation is also discussed. It says that the power of taxation
    has the broadest scope of all the powers of the government because in the absence
    of limitations, it is considered as comprehensive, unlimited, plenary and supreme.
    And in the last part of this video discussion, I have learned the essential elements of
    a tax and the aspects of taxation.

    Main Campus, P. Inocentes St., P.I. Garcia, Naval, Biliran Province, Philippines 6560
    Tel. (053) 507-0014‫ ן‬Telefax. (053) 507-0014
    SUC Level III-A (Per DBM-CHED Joint Circular #B dated June 21, 2007
    Website: www.bipsu.edu.ph | Email: sas@bipsu.edu.ph | Facebook: www.facebook.com/iambipsusas

    WoWBiPSU

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