GROUP 4 REPORTS

E. GOVERNMENT FINANCE

I. Fiscal Policy

1.1 Public Expenditures: Reasons and Compositions

1.2 Taxes: Types and Principles

1.3 Deficits, Surpluses, and Debt: Definition

1.4 The Public Debt: Facts and Figures

1.5 False Concerns and Substantial Issues

Reference: McConnell and Brue, Chapters 12,18

II. Philippine Tax Structure

2.1 Profile of taxpayers

2.2 Computations for

- Individual Income Tax

- Corporate Income Tax