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Taxation is the power by which the sovereign raises revenue to fund government expenses. It provides indirect benefits like protection of society but no direct benefits. There are several types of taxes imposed in the Philippines including income tax, value added tax, capital gains tax, estate tax, and more. Three agencies are tasked with tax collection: the Bureau of Internal Revenue, Customs, and local government units. Taxation differs from powers of police and eminent domain in its purpose of raising re

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max

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EN