Final coverage's

Lesson 4:
Social, Political, Economic, and
Cultural Issues in Philippine
History
 TAXATION
• The processor means by which the sovereign,
through its law making body, raises income to defray
the necessary expenses of the government.
• An enforced proportional contribution levied by the
law making body of the state to raise revenue to
support the indispensable and all the necessary
expenses of the government.
• Primary purpose: To generate funds to defray
expenses incurred by the government in promoting
the general welfare of its citizenry.
• Other purposes: To equitably contribute to the
wealth of the nation, to protect new industries, and
to protect local producers
 Evolution of Philippine Taxation
• The tax rate is equal for all citizens is a
characteristic of a progressive tax system in
the Philippines.
• The rate of tax increases as the income tax
base or income bracket increases is true of a
progressive system of taxation
• Tariff –is the term refers to duties payable on
goods, whether imported or exported
• One of the major functions of taxes is to
finance real government expenditures. This
function can simply be states as to raise
revenues
• Through an income tax the government tax
people’s labor
• Tax exemption is an unlawful act escaping
from payment of taxes.
• Estate tax, is a tax on the right of the deceased
person to transmit his/her estate to his/her
lawful heirs and beneficiaries at the time of
death.
• Toll- the sum of money collected for our use of
a road, bridge and high-ways
• Raise revenue for the support of government
Is the primary purpose of taxation.
• Productivity- is the principle of taxation does
the Philippine government lack if it fails to
raise the needed revenue and therefore
borrows from other countries to cover its
expenses?