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This document provides an overview and summary of key taxation principles under Philippine law. It discusses the meaning of taxation and the distinction between taxation power and police pow…
This document provides an overview and summary of key taxation principles under Philippine law. It discusses the meaning of taxation and the distinction between taxation power and police power. It also outlines the theories that provide the basis of taxation, including the lifeblood theory, necessity theory, and benefits-protection theory. The document summarizes the scope and limitations of taxation power, as well as doctrines like double taxation. It provides examples of direct and indirect double taxation and analyzes whether double taxation occurs in specific cases under Philippine tax laws.
This document provides an overview and summary of key taxation principles under Philippine law. It discusses the meaning of taxation and the distinction between taxation power and police pow…