Jackie is curious why the lawmakers provided for the 6% CGT to be in the form of a final withholding tax. Which of the following is the least likely reason for such? A. To mitigate the susceptibility of possible deferral of the actual payment of the tax if the voluntary compliance method is used B. To ensure payment of the applicable tax before property titles are transferred to the buyer C. All of the other choices are equally likely to be the reason why D. To mitigate the susceptibility of non-reporting of the sale, leading to tax evasion

Jackie is curious why the lawmakers provided for the 6% CGT to be in the form of a final withholding tax. Which of the following is the least likely reason for such? A. To mitigate the susceptibility of possible deferral of the actual payment of the tax if the voluntary compliance method is used B. To ensure payment of the applicable tax before property titles are transferred to the buyer C. All of the other choices are equally likely to be the reason why D. To mitigate the susceptibility of non-reporting of the sale, leading to tax evasion

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter1: Introductin To Taxation

Section: Chapter Questions

Problem 14P

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Similar questions

Which of the following is the least likely reason why the 6% capital gains tax is a final tax? A. To mitigate the susceptibility of possible deferral of the actual payment of the tax if the voluntary compliance method is used B. To ensure payment of the applicable tax before property titles are transferred to the buyer C. To mitigate the susceptibility of non-reporting of the sale, leading to tax evasion D. All of the other choices are equally likely to be the reason why
You and Jackie are arguing whether tax laws can be retroactive in its application. Jackie noted that they can only be prospective but you take the stand that it may retroactive. Which of the following would be the least fit example you could give? A. tax laws imposing business tax B. tax laws implementing riles and regulations that are remedial in nature C. tax circulars that are intended for internal purposes of BIR D. tax memoranda that are interpretative in nature
Whilst searching for related literatures for her thesis study, Jackie found a tax law which provides that proceeds from the collection of taxes are to be used to rehabilitate a private organization under financial stress. This clearly violates what constitutional right? a. right to just compensation b. right to due process c. right against self-incrimination d. right to equal protection of the law
You and Sunny are arguing whether tax laws can be retroactive in its application. Sunny noted that they can only be prospective but you take the stand that it may retroactive. 1. Which of the following would be the least fit example you could give? A. tax laws implementing riles and regulations that are remedial in nature B. tax memoranda that are interpretative in nature C. tax laws imposing business tax D. tax circulars that are intended for internal purposes of BIR
1.Several benefits accrued to Gov’t from taxation. As a tax expert who has failed your lecturer you are required to state and explain the measures gov’t is required to put in place in order to realize these benefits. 2. You are required to state the tax incentives, tax holidays and concessions in accordance with Act 896.
Choose the response that accurately completes the following sentence. To meet one of the due diligence requirements of a paid tax preparer, it is not enough to ask more questions; tax preparers must also:
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