• tax evasion
    ? 2. What is the concept of tax leakages? 3. What are some cases, including the famous Manny Pacquiao noted for having a tax evasion? B. LIMITATION OF THE STUDY The main objective of this paper is to present the current legal status of tax avoidance/tax planning schemes in the Philippines...
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  • Taxation
    A Research paper on Agrarian Reform and Taxation in the Philippines In Partial Fulfillment of the Requirements Of Social Science 4 Economics with Taxation and Agrarian Reform By Dia, Mojahed D. ABSTRACT From the administrative and policy perspective, determination of magnitude of tax evasion...
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  • Tax Evasion
    Philippines have poor revenue. People attempt to make ways and means to minimize if not eliminate altogether one's tax liabilities. Tax evasion may be defined as the act of reducing taxes by illegal or fraudulent means. Common practices of tax evasion include: under-reporting of income, over-statement of...
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  • Tax Evasion
    tax evasion levels are Research Fellow, Philippine Institute for Development Studies. The author wishes to acknowledge the helpful comments of Merle Benjamin of the National Tax Research Center. 1. Philippine tax jurisprudence has no general definition of the term "tax fraud." However, the...
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  • Education
    P1,604 in income tax despite earning at least P2.63 million from his medical practice and other businesses at the time.The BIR also filed tax evasion charges against Macabulos and Laxamana, concessionaires of the Philippine Amusement and Gaming Corporation (Pagcor) in Angeles City. Macabulos's tax...
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  • Cooperatives
    the Philippines. It is an indirect tax, which may be shifted or passed on to the buyer, transferee or lessee of goods, properties or services. Tax Evasion Tax evasion is the illegal practice of not paying taxes, by not reporting income, reporting expenses not legally allowed, or by not paying...
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  • Written
    need to: have a competitive foreign exchange; mitigate smuggling and tax evasion; and reform restrictive labor policy, he added. Source: http://business.inquirer.net/128629/manufacturing-sector-seen-to-post-stronger-growth-figures Summary: The article speaks about how the Philippine...
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  • Essay
    The Philippines has scandalously low taxes on two commodities that have been proven killers of individuals, destroyers of families, and threats to national economic security: cigarettes and spirits. Smokers’ Nirvana The current multi-tiered tax system has made cigarettes so much cheaper in the...
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  • Nation Building
    CEBU, Philippines - Philippine Senator Benigno "Noynoy" Aquino III, frontrunner in the presidential race, said he may consider raising taxes if elected if the budget gap was not cut quickly by moves to crack down on tax evasion. Aquino, son of the country's revered democracy icon Corazon "Cory...
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  • Send Gift
    of the Bangko Sentral ng Pilipinas ("BSP") remains a key component of the Philippine Economic Plan. As the BSP pursues price stability, the government will strictly observe fiscal discipline to ensure that price stability is not compromised. Improving tax collection efficiency Improvement in...
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  • Tax Avoidance
    There is a very clear distinction between tax avoidance and tax evasion from academic publications. Tax books have defined tax avoidance as “the lawful minimization of tax liability through sound financial planning techniques, while tax evasion is the “unlawful attempt to minimize tax liability...
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  • Documentary Analysis
    Filipino). An online paper identifies specific types of corruption in the Philippines, namely: tax evasion, ghost projects and payrolls, evasion of public bidding in awarding of contracts, passing of contracts, nepotism and favoritism, extortion, protection money and bribery. Tax Evasion .This is very...
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  • FISCAL
    . by Manasan, Rosario G.; Makati, Metro Manila: Philippine Institute for Development Studies, 1994. Subject: Taxation -- Philippines; Tax evasion -- Philippines; Fiscal policy -- Philippines; Finance, Public -- Philippines.          Add to Book Cart Relevance: 13.05%           Breaking...
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  • Taxation
    property) The Philippine Tax System - AN ACT AMENDING THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES (RA 8424) A. The Constitutional Mandate The Constitution contains one basic principle of taxation which embodies the desired correlation of taxation to development goals...
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  • Ofc by Andrew K Rose
    Offshore Financial Centers: Parasites or Symbionts? Andrew K. Rose and Mark M. Spiegel* Your local crime-lord has one. So do most drug-dealers, white-collar criminals, and Mafioso. Have you got an offshore bank account? Offshore financial centers are often accused of facilitating tax evasion...
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  • Principles of Taxation in Nigeria
    material distinction between a tax and a debt. Debts are due to the government in its corporate capacity, while taxes are due to the government in its sovereign capacity.     Survey of Philippine Taxes     A.       Internal revenue taxes imposed under the NIRC   1.       Income tax   2...
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  • Economy Report
    of the budget was allocated for defense. The Philippines devoted a smaller proportion of GNP to defense than did any other country in Southeast Asia. The Aquino government formulated a tax reform program in 1986 that contained some thirty new measures. Most export taxes were eliminated; income...
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  • Effects of Tax Evasion
    International Tax and Public Finance, 7, 177–194, 2000. c 2000 Kluwer Academic Publishers. Printed in The Netherlands. Decomposing Revenue Effects of Tax Evasion and Tax Structure Changes ARINDAM DAS-GUPTA* oldmonk87@yahoo.com Gokhale Institute of Politics and Economics, B MCC Road, Pune...
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  • Sm Brief History and Their Major Problem
    ”) issued earlier this year, with a coupon rate of 1.625 percent, a yield to maturity of 2.875 percent per annum. As of end June 2012, SM maintained a ratio of 39 percent net debt to 61 percent equity. 5. SM supplier, electric co-op face tax-evasion charges THE Bureau of Internal Revenue (BIR) has...
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  • Taxes
    tax treaties, the underlying rationale for reducing the tax rate is that the Philippines will give up a part of the tax in the expectation that the tax given up for this particular investment is not taxed by the other country. The second method for the elimination of double taxation applies...
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