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  • Discretion of The Taxing Power

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    Nathaniel Castillo
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    The document discusses the discretionary powers of taxation that belong to the legislative branch of government. It outlines eight key considerations that the legislature must determine when establishing a new tax: 1) the nature and kind of tax, 2) the object being taxed, 3) the purpose of taxation, 4) the extent or rate of tax, 5) where the tax is imposed, 6) who is covered, 7) how the tax is apportioned, and 8) the method of collection. The document provides guidance on the various factors involved in the creation of a new tax.

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    DISCRETION OF THE TAXING POWER.docx

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    The document discusses the discretionary powers of taxation that belong to the legislative branch of government. It outlines eight key considerations that the legislature must determine when establishing a new tax: 1) the nature and kind of tax, 2) the object being taxed, 3) the purpose of taxation, 4) the extent or rate of tax, 5) where the tax is imposed, 6) who is covered, 7) how the tax is apportioned, and 8) the method of collection. The document provides guidance on the various factors involved in the creation of a new tax.

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    © All Rights Reserved
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    6 views1 page

    Discretion of The Taxing Power

    Uploaded by

    Nathaniel Castillo
    The document discusses the discretionary powers of taxation that belong to the legislative branch of government. It outlines eight key considerations that the legislature must determine when establishing a new tax: 1) the nature and kind of tax, 2) the object being taxed, 3) the purpose of taxation, 4) the extent or rate of tax, 5) where the tax is imposed, 6) who is covered, 7) how the tax is apportioned, and 8) the method of collection. The document provides guidance on the various factors involved in the creation of a new tax.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
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    DISCRETION OF THE TAXING POWER (Legislative)

    1. Determine the following: NOPE – SCAM


    a. Nature or kind of tax (whether income tax, VAT, or documentary stamp tax, etc.)
    b. Object to be taxed (person, property, business, transaction, activity and excisable articles to be
    taxed)
    c. Purpose of taxation (e.g. imposition of sin tax to discourage use or consumption of sin products
    or use of collected tax for the purpose of augmenting hospital budget)
    d. Extent (amount or rate of tax)
    e. Situs or place of the imposition
    f. Coverage of those to be taxed (subjects or objects)
    g. Apportionment of the tax (general or limited application or setting aside portion for special use)
    h. Method of collection (e.g. withholding tax system)

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