. This is part 1 of chapter 2 of Income taxation for non-BSA by Ampongan. We've encountered a problem, please try again. Introduction to Taxation our purposes, the sections on tax structure, types of tax, tax administration, and understating the tax law will be relatively We've encountered a problem, please try again. f it is a means of raising funds for the operations of the government, especially its public services. The Standards for a Good Tax ; Income and Substitution Effects ; Equity Issues ; Tax Rate Structure; 3 The art of taxation consists in so plucking the goose as to obtain the largest possible amount of By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. General principles/Fundamentals of Taxation Phil Taxation 32.7k views Indirect Tax Basic Dhananjay Singh 10.1k views Taxation 3 Dhii Anne 2.6k views Blt 134 chapter 1 Bong Retonel 15.2k views Tax background1 Keshav Rao 3.9k views TYPE OF TAXES (APPLIED ECONOMICS) DepEd - DIS 732 views Ppt 1 taxation Khushboo Singh 2.3k views Click here to review the details. I. . ECON4 Objectives. Our product offerings include millions of PowerPoint templates, diagrams, animated 3D characters and more. Clipping is a handy way to collect important slides you want to go back to later. Introduction to Students. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. Christie is in the 15% bracket.

• Inherent power of the sovereign,

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ECON4 The Principles of Taxation How to distinguish between a 'good' and a 'bad' tax Aquinas College Economics Department 2. - A free PowerPoint PPT presentation (displayed as an HTML5 slide show) on PowerShow.com - id: 15b0e7-ZDc1Z Powers and functions of local governments, Demokrasi, pembangunan dan perpajakan sesi 4, Government revenue(Public Fiscal Administration), 01. introduction to taxation ICAB, KL, Study Manual, The role of the government in the economy. This is refundable - a, Excess FICA withholding is refunded through a tax, Taxable income or - adjustments preferences, Locate a form 6521 on your Turbotax program or on. PowerShow.com is brought to you byCrystalGraphics, the award-winning developer and market-leading publisher of rich-media enhancement products for presentations. If you are a dependent on someone elses return, Exemption _______ in 2001 for each personal or, Family member OR live in your home for entire. a tax basis of 200. We've updated our privacy policy. Show how leverage reduces the after-tax cost of assets. IF the exchange of ABC for XYZ were nontaxable, she could defer paying tax on 800, and could obtain a full 1000 value of XYZ stock. Taxing powers, scope and limitations of nga and lgu, General principles-of-taxation.pptx-joni-2, chapter 13 taxation in the Philippine setting, General principles/Fundamentals of Taxation, Kinds of Taxes Under Existing Philippine Laws, Rani Channamma University P.G. Tax Avoidance. Objectives. Advanced Mathematical Economics (Routledge Advanced Texts in Economics and Fi Do Canadians have trust with Justin Trudeau Government - December 8, 2022.pptx, PrinciplesofManagement_03_PlanningAndMission.pptx, Public Sector - United States - How to Transform Government - October 2022.pptx, No public clipboards found for this slide. accumulated earnings tax, personal holding company tax, tax rates on members of a controlled group. Chapter 6 Property Acquisitions and Cost Recovery Deductions. PRINCIPLES OF BUSINESS TAXATION 1 of 18 PRINCIPLES OF BUSINESS TAXATION Mar. Explain effect of sole proprietorship on individual tax return. 1 Principles of Taxation Chapter 13 The Individual Tax Formula 2 Objectives Filing status Computing taxable income Standard deduction versus itemized deductions Exemptions Tax rates Credits and AMT Payment and filing requirements 3 Filing Status - Married If married on the ______ day of the year. Chapter 2 ; Tax Policy Issues Standards for a Good Tax; 2 Tax Policy Issues. Well convert it to an HTML5 slideshow that includes all the media types youve already added: audio, video, music, pictures, animations and transition effects. Click here to review the details. Compute FICA taxes and self-employment taxes. It appears that you have an ad-blocker running. a tax basis of 200. We've updated our privacy policy. Activate your 30 day free trialto continue reading. Title: Principles of Taxation 1 Principles of Taxation. You provide gt _______ financial support. Whatever your area of interest, here youll be able to find and view presentations youll love and possibly download. - PowerPoint PPT presentation Chapter 14 ; Compensation and Retirement; 2 Objectives. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Although the history is interesting, for 1 Unit 01. Dependent may not generally file a joint return. Tap here to review the details. Expense versus capitalize. Principles of Taxation General Principles of Taxation Learning Objectives At the end of the chapter, learners will be Study Resources By accepting, you agree to the updated privacy policy. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Use recovery period, method and convention to compute MACRS depreciation. You can read the details below. Tax 111 Income Taxation Looks like youve clipped this slide to already. Compute FICA . 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Principles of TaxationChapter 6Property Acquisitions and Cost Recovery Deductions Objectives Expense versus capitalize Define tax basis and adjusted basis. . Explain realization and matching principles Cash versus accrual methods GAAP versus tax conservatism Book-tax income differences Constructive receipt Dependent must be a U.S. citizen OR a resident of, Phase-out of itemized deductions - If AGI greater, Phase-out of exemptions - IF AGI greater than, See AP 4 and 5 for practice with tax rate, AP4 Would Ms. G and Mr. H prefer married or, AP5 Would Mr. P and Mrs. P prefer married or, Child Credit ____ per child in 2000. Dependent care credit (child lt 13 years old). Now customize the name of a clipboard to store your clips. 2 Have u ever tried external professional writing services like www.HelpWriting.net ? Objectives. Chapter 5 Taxable Income from Business Operations. You can read the details below. Fiscal adequacy The source of government revenue should be efficient to demand the needs of public expenditure. Cash distributions are . Home office deduction . I did and I am more than satisfied. By accepting, you agree to the updated privacy policy. Chapter 9 Sole Proprietorships, Partnerships, and S Corporations. The PowerPoint PPT presentation: "Principles of Taxation" is the property of its rightful owner. Describe requirements for home office deductions. 1. The SlideShare family just got bigger. If itemized deductions are about equal, Example My dad gives 5,000 to charity each. Principles of Taxation. 1 / 29 . View CHAP 1 GENERAL PRINCIPLES OF TAXATION.ppt from COL 001 at De La Salle University. Principles of Taxation. employees versus self-employed ; The SlideShare family just got bigger. Single level of taxation. From energy crisis to shared responsibility: a possible step? Unfortunately, if she sells ABC and buys XYZ, she must pay tax on the 800 gain on ABC, and wont have 1000 to spend on XYZ. 1 / 20 } ?> Actions. Looks like youve clipped this slide to already. You can read the details below. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. Free access to premium services like Tuneln, Mubi and more. 4 The Principles of Taxation If so, share your PPT presentation slides online with PowerShow.com. They helped me a lot once. 1. Taxes as Household Expenditures - tax bite is 3 / 8 hours. Now customize the name of a clipboard to store your clips. Slideshow 2910637 by holden No other use is allowed without permission of Professor Therese McGuire. Activate your 30 day free trialto continue reading. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. 01 General Principles of Taxation 1. 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Clipping is a handy way to collect important slides you want to go back to later. If spouse incomes very similar, single rates generate lower tax . Constructive dividends limit corporate tax avoidance. PART 1 : GENERAL PRINCIPLES AND CONCEPTS OF TAXATION Taxation: An Inherent Power of the State The government has 3 inherent powers: Police Power, Eminent Domain and Taxation. Taxation requires nexus - degree of contact between business and state . 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If spouse incomes very similar, single rates, If spouse incomes dissimilar, married rates, widow or widower with a _______ child for how, MFS (married filing separately) rates are less, Single is the default category for unmarried, Calculate total income totaling Line ___ on, Calculate Adjusted Gross Income (AGI) on Line, Bunching. - A free PowerPoint PPT presentation (displayed as an HTML5 slide show) on PowerShow.com - id: 1a816e-ZDc1Z in our taxation system there are two parties involved ; the taxpayer who pays the taxes and the government which collects them. Finance Head for Special Projects at Philippine Tuberculosis Society, Inc. Clipping is a handy way to collect important slides you want to go back to later. Investors pay tax on their share of entity income. And, again, its all free. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. principles of taxation. Activate your 30 day free trialto unlock unlimited reading. 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Abes 15 June 2015Basic Rules and Principles in Philippine Taxation It is the inherent power by which the sovereign state imposes financial burden upon persons and property as a means of raising revenues in order to defray the necessary expenses of the government (Tax Digest by Crescencio Co Untian, 2002). . Objectives. Worldwide taxation and foreign tax credits . Principles of Taxation 108 Views Download Presentation Principles of Taxation. This is a tax planning chapter - HOW to use rules. Centre, Jamkhandi. View General_Principles_of_Taxation.ppt from CBA BSA at University of Batangas. Police power is that inherent right of government to pass laws and regulations to promote good health, public order, and safety in the society. Characteristics of a sound Tax system Fairness Clarity and Certainty Convenience Efficiency TWO PRINCIPLES of TAXATION "Who pays What" is basedon two principles: Benefit Principle - Themore you benefit fromsomething, the more youshould pay. CPA, MBA. Compute cost of goods sold. Principles of Taxation - PowerPoint PPT Presentation. Creative commons licenses for aquinas economics a2, CC License Documentation aquinaseconomicsas.co.uk, LITERARY GENRES, TRADITIONS, AND FORMS ACROSS THE WORLD - LESSON 2.pptx, igcse-geography-coastal-management-case-study.pptx, ESSENTIALS FOR TEF CANADA EXAM PREPARATION.pdf, No public clipboards found for this slide. Taxes on wages are withheld each pay period. Tap here to review the details. </li></ul> Objectives. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Actions. If so, just upload it to PowerShow.com. Updated on Apr 07, 2019 PamelaLan + Follow subsidiary tax costs form doctrine By accepting, you agree to the updated privacy policy. Click here to review the details. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. PowerShow.com is a leading presentation sharing website. Economical Taxes should be cheap and easy to collect This will maximise revenue earned from it Costs of collection are low Aquinas College Economics Department 3. She wants to rebalance her portfolio and buy 1000 of XYZ stock instead. How to distinguish between a Taxation 101 basic rules and principles in philippine taxation by jr lopez go Income and Business taxation - Senior High School, Current issues problems and solutions in taxation(4 16-14), Rani Channamma University P.G. Chapter 17 The Tax Compliance Process. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. Locate a form 6521 on your Turbotax program or on the IRS web site. Title: Principles of Taxation 1 Principles of Taxation. Principles of Taxation. Late-filing and late-payment penalties Statute of limitations 3 types of IRS audits Negligence or civil fraud, criminal fraud penalties Trial and appeal courts Transferee liability and innocent spouse rule. Earned income credit. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. 11, 2012 18 likes 14,121 views Download Now Download to read offline abiodunmamora Follow Advertisement Recommended Taxation Tilleke Gunalatika 22.9k views 41 slides Tax planning,evasion and avoidance priyanka naik 19.6k views 10 slides Corporate tax planning Activate your 30 day free trialto unlock unlimited reading. - A free PowerPoint PPT presentation (displayed as an HTML5 slide show) on PowerShow.com - id: 19e6c-ODBlN Pass-through losses ; After-tax cash flows to individual investor ; Family income shifting ; Partnership versus S Corp characteristics ; Closely-held corporations We've encountered a problem, please try again. 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Standard deduction versus itemized deductions. Tax avoidance versus tax evasion Tax planning variables The Entity The Time Period The Jurisdiction The Character of Income Explicit and implicit taxes Tax law doctrines. This is an overview chapter. <ul><li>Inherent power of the sovereign, </li></ul><ul><li>exercised thru the legislature, </li></ul><ul><li>to impose burdens upon the subject and object within its jurisdiction, </li></ul><ul><li>for the purpose of raising revenues to carry out the legitimate objectives of the government. The Principles of Taxation 1. Title: Principles of Taxation 1 Principles of Taxation. Now customize the name of a clipboard to store your clips. Looks like youve clipped this slide to already. Describe how taxable year relates to operating cycle. And, best of all, it is completely free and easy to use. IF the exchange of ABC for XYZ were nontaxable, she could defer paying tax on 800, and could obtain a full 1000 value of XYZ stock. Activate your 30 day free trialto unlock unlimited reading. Partnerships (includes LLCs) and S Corps are not taxed as entities. Compliance Impact of Voluntary Assets and Income Declaration Scheme (VAIDS) i International Centre for Tax and Development - ICTD, The difference between direct and indirect taxes, Revisions in the Philippine CPA Board Examinations, Proposed Revisions in the Philippine CPA Exams, Basic concepts and issues on human development, Global capital market and international lending, Cholinergic Synapses- cordination and control.pptx, Comfort Bedding Mattress Brooklyn, New York.pptx, CodeofEthics-Rules-Professional-Conduct-1.pdf, No public clipboards found for this slide. Do you have PowerPoint slides to share? Then you can share it with your target audience as well as PowerShow.coms millions of monthly visitors. Aquinas College Economics Department. We've encountered a problem, please try again. Title: Principles of Taxation 1 Principles of Taxation. 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