THE LOCAL GOVERNMENT CODE OF THE PHILIPPINES BOOK II LOCAL TAXATION AND FISCAL MATTERS TITLE ONE. – LOCAL GOVERNMENT TAXATION CHAPTER 1. – GENERAL PROVISIONS SECTION 128. Scope − The provision herein shall govern the exercise by provinces‚ cities‚ municipalities‚ and Barangays of their taxing and other revenue−raising powers. SECTION 129. Power to Create Source of Revenue − Each local government unit shall exercise its power to create its own sources of revenue and to levy taxes‚ fees‚ and
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Theoretical perspective of Local government By Adnan ul Haq Introduction: In the process of decision making‚ the intensification by the participation of masses and democratization’s process are two essential aspects that defend the local government’s existence. Without local government’s system it is not possible to consider any political system to be complete and entirely democratic. The two-fold essentialities (purposes) that local government serves are (a) supplying goods and services
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Changes in local government recently have occurred in 2009 much of England has the two tier system of local government the changes that were proposed where to change multiple counties from the two tier system to a unitary status of the proposed areas the shortlist made was Cornwall‚ Durham‚ Northumberland‚ Shropshire‚ Wiltshire and later Cheshire. However after these changes where implemented the central government implemented the Local Government Act 2010 halted and stopped and current or future
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Law No. 25 of 1999 on Financial Balance of the Central Government and the Regions‚ and the rules for its implementation in particular Regulation Number 105 Year 2000 on the Financial Management and Accountability of the starting fiscal year 2001‚ there has been a renewal in financial management area. With this autonomy‚ the area is given broad authority to take care of their own household with minimal government intervention. Local governments have the right and authority to use the vast financial
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Philippine Local Government Taxation Local government units‚ by virtue of the 1987 Constitution and the Local Government Code of 1991‚ otherwise known as Republic Act 7160 have been given the power to raise certain taxes. Power to Create Sources of Revenue (Sec. 129) • Each local government unit (LGU) has thepower to create its own sources of revenue and to levy taxes‚ fees‚ and charges • The grant of power to create sources of revenue is consistent with the basic policy of local autonomy
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The local government debt Abstract: As China’s economy has increasingly grown at an incredible high speed about average 9.8% gain every year before the 2008 financial‚ and china has became the world second-largest economy. Local government plays an important role in keeping such a rapid growth through the large amount of investment. However‚ the local government debt has increased substantially‚ following the growth of total economy. And the problems and potential troubles brought by the local
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References: 1.1) OVERVIEW According to Seyi (2003:70)‚ Value added tax was introduced in Nigeria in 1993 by decree number 102 of 1993‚ but by the administrative arrangement invoicing for tax purposes‚ it did not commence until 1st January 1994
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Internal Controls for Local Government A Training Presentation for City of Tampa’s Leaders Training Objectives What you should know after this class: • • • • • Types of risk Who commits fraud and why Internal controls - who needs them 5 internal control components What you can do! 2 What are Internal Controls? To put it simply‚ internal controls are an exercise of common sense. You are practicing good internal controls when you? • Balance your checkbook • Keep your ATM/debit card
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Managing Human Resources: Personnel Administration in Local Government In this article‚ the author Ronald D. Sylvia speaks on the management of human resources and its difficulty in the preservation‚ and integrity in personnel administration on the local government level. In reading the article the author gives us a brief history of how the hiring process in the local government became so corrupt. Due to several legal and social constraints faced by public managers in the public sector of the
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Role of local government in housing i. Examination of the housing conditions of the area‚ estimation of demand including the requirement of special groups such as the aged‚ physically handicapped and the homeless ii. Assessment of the housing supply including the physical condition of the existing dwelling and the size and scope of the building and acquisition program of all the agencies involved iii. Research to assess housing need to ensure that all available resources are used to the
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