About this document

Obillos vs. CIR: Tax Partnership Dispute by Roizki Edward Marquez is a document available to read on EtoBox.

The Supreme Court of the Philippines ruled that four siblings who jointly acquired two parcels of land from their father with the intent to build homes, but later sold the land at a profit after finding construction too expensive, did not form an unregistered taxable partnership. Treating them as a partnership would result in oppressive taxation and confirm that the power to tax is the power to destroy. Their original purpose was to divide the land for residential use as co-owners, and the later sale to dis

Author

Roizki Edward Marquez

Language

EN