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Taxation Principles and Theories Overview by JoshuaMaula is a document available to read on EtoBox.

What is Taxation Principles and Theories Overview about?

The document summarizes key principles of taxation in the Philippines including: 1) The progressive tax system aims to reduce inequality by taxing higher incomes at higher rates. 2) Taxes are used to encourage economic growth through incentives and to protect domestic industries. 3) Taxation is an exercise of state sovereignty for the purposes of raising revenue and promoting general welfare. The tax system should be fiscally adequate and administratively feasible.

Author

JoshuaMaula

Language

EN