Inherent Powers of the State Taxation - The power by which the sovereign raises revenue to defray the Learn faster and smarter from top experts, Download to take your learnings offline and on the go. </li></ul> PART 1 : GENERAL PRINCIPLES AND CONCEPTS OF TAXATION Taxation: An Inherent Power of the State The government has 3 inherent powers: Police Power, Eminent Domain and Taxation. Late-filing and late-payment penalties Statute of limitations 3 types of IRS audits Negligence or civil fraud, criminal fraud penalties Trial and appeal courts Transferee liability and innocent spouse rule. 3 Passthrough entities. Then you can share it with your target audience as well as PowerShow.coms millions of monthly visitors. Basic principles of sound tax system Fiscal adequacy Equality or theoretical justice Administrative feasibility 11. She wants to rebalance her portfolio and buy 1000 of XYZ stock instead. 1. CPA, MBA. It's FREE! Dependent care credit (child lt 13 years old). 1 / 20 } ?> Actions. Chapter 6 Property Acquisitions and Cost Recovery Deductions. PowerShow.com is a leading presentation sharing website. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. From energy crisis to shared responsibility: a possible step? Ferdinand C. Importado Police power is that inherent right of government to pass laws and regulations to promote good health, public order, and safety in the society. Objectives. The Principles of Taxation And, again, its all free. Introduction to Students. 1. Activate your 30 day free trialto continue reading. ( sales reps do not create nexus) . Dependents gross income lt ________________. Investors pay tax on their share of entity income. It appears that you have an ad-blocker running. We've encountered a problem, please try again. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Looks like youve clipped this slide to already. PowerShow.com is brought to you byCrystalGraphics, the award-winning developer and market-leading publisher of rich-media enhancement products for presentations. The Principles of Taxation 1. Looks like youve clipped this slide to already. Objectives. No other use is allowed without permission of Professor Therese McGuire. A home office used exclusively for administrative or management activities . requirements for home office deductions. Describe requirements for home office deductions. Centre, Jamkhandi. . Principles of Taxation. Chapter 5 Taxable Income from Business Operations. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. You can read the details below. Compute FICA . Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. We've encountered a problem, please try again. Principles of Taxation 108 Views Download Presentation Principles of Taxation. Advanced Mathematical Economics (Routledge Advanced Texts in Economics and Fi Do Canadians have trust with Justin Trudeau Government - December 8, 2022.pptx, PrinciplesofManagement_03_PlanningAndMission.pptx, Public Sector - United States - How to Transform Government - October 2022.pptx, No public clipboards found for this slide. <ul><li>Inherent power of the sovereign, </li></ul><ul><li>exercised thru the legislature, </li></ul><ul><li>to impose burdens upon the subject and object within its jurisdiction, </li></ul><ul><li>for the purpose of raising revenues to carry out the legitimate objectives of the government. Now customize the name of a clipboard to store your clips. Standard deduction versus itemized deductions. Creating new taxes or new tax machinery or by merely changing the rates applicable to existing taxes. If spouse incomes very similar, single rates generate lower tax . Objectives. Well convert it to an HTML5 slideshow that includes all the media types youve already added: audio, video, music, pictures, animations and transition effects. Activate your 30 day free trialto continue reading. 4 Read it with the goal of gaining a broad understanding of tax purposes and principles. If youre struggling with your assignments like me, check out www.HelpWriting.net . The SlideShare family just got bigger. Home office deduction . Principles of Taxation - PowerPoint PPT Presentation. Free access to premium services like Tuneln, Mubi and more. . Activate your 30 day free trialto unlock unlimited reading. Define tax basis and adjusted basis. principles of taxation. We've updated our privacy policy. If so, just upload it to PowerShow.com. Now customize the name of a clipboard to store your clips. Compliance Impact of Voluntary Assets and Income Declaration Scheme (VAIDS) i International Centre for Tax and Development - ICTD, The difference between direct and indirect taxes, Revisions in the Philippine CPA Board Examinations, Proposed Revisions in the Philippine CPA Exams, Basic concepts and issues on human development, Global capital market and international lending, Cholinergic Synapses- cordination and control.pptx, Comfort Bedding Mattress Brooklyn, New York.pptx, CodeofEthics-Rules-Professional-Conduct-1.pdf, No public clipboards found for this slide. Clipping is a handy way to collect important slides you want to go back to later. Did u try to use external powers for studying? By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Chapter 4 Basic Maxims of Income Tax Planning. 1 Principles of Taxation Chapter 13 The Individual Tax Formula 2 Objectives Filing status Computing taxable income Standard deduction versus itemized deductions Exemptions Tax rates Credits and AMT Payment and filing requirements 3 Filing Status - Married If married on the ______ day of the year. By accepting, you agree to the updated privacy policy. MGMT 932 ; Local Public Economics and Business Strategy ; Session 3 April 3, 2006 ; Professor Therese McGuire; These slides are for exclusive use in MGMT 932 at the Kellogg School of Management, Northwestern University. I did and I am more than satisfied. waived for child lt ___ OR student-childlt___. Principles of Taxation - PowerPoint PPT Presentation. View General_Principles_of_Taxation.ppt from CBA BSA at University of Batangas. Now customize the name of a clipboard to store your clips. Tap here to review the details. Remove this presentation Flag as Inappropriate I Don't Like This I like this Remember as a Favorite. Objectives. It appears that you have an ad-blocker running. Earned income credit. 4 Do you have PowerPoint slides to share? By accepting, you agree to the updated privacy policy. Principles of Taxation. By accepting, you agree to the updated privacy policy. Expense versus capitalize. Our product offerings include millions of PowerPoint templates, diagrams, animated 3D characters and more. in our taxation system there are two parties involved ; the taxpayer who pays the taxes and the government which collects them. Taxes as Business Costs - Maximize after-tax values - why is this different from tax minimization? Tap here to review the details. Clipping is a handy way to collect important slides you want to go back to later. Free access to premium services like Tuneln, Mubi and more. The SlideShare family just got bigger. Click here to review the details. Christie is in the 15% bracket. Compute FICA taxes and self-employment taxes. It appears that you have an ad-blocker running. We've encountered a problem, please try again. Description:. f it is a means of raising funds for the operations of the government, especially its public services. Creative commons licenses for aquinas economics a2, CC License Documentation aquinaseconomicsas.co.uk, LITERARY GENRES, TRADITIONS, AND FORMS ACROSS THE WORLD - LESSON 2.pptx, igcse-geography-coastal-management-case-study.pptx, ESSENTIALS FOR TEF CANADA EXAM PREPARATION.pdf, No public clipboards found for this slide. You can read the details below. The SlideShare family just got bigger. Free access to premium services like Tuneln, Mubi and more. Dependent may not generally file a joint return. - PowerPoint PPT presentation 01 General Principles of Taxation 1. Principles of TaxationChapter 6Property Acquisitions and Cost Recovery Deductions Objectives Expense versus capitalize Define tax basis and adjusted basis. 1. Actions. Principles of Taxation General Principles of Taxation Learning Objectives At the end of the chapter, learners will be Study Resources Compute tax costs of income and tax savings from deductions. If itemized deductions are about equal, Example My dad gives 5,000 to charity each. Clipping is a handy way to collect important slides you want to go back to later. Like www.HelpWriting.net ? Tax 111 Income Taxation You can read the details below. Personal exemption for the taxpayer (2 for MFJ). Characteristics of a sound Tax system Fairness Clarity and Certainty Convenience Efficiency TWO PRINCIPLES of TAXATION "Who pays What" is basedon two principles: Benefit Principle - Themore you benefit fromsomething, the more youshould pay. . Explain realization and matching principles Cash versus accrual methods GAAP versus tax conservatism Book-tax income differences Constructive receipt Whatever your area of interest, here youll be able to find and view presentations youll love and possibly download. Activate your 30 day free trialto unlock unlimited reading. If so, share your PPT presentation slides online with PowerShow.com. We've updated our privacy policy. Chapter 11 ; The Choice of Business Entity; 2 Choice of Entity. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. Principles of Taxation. Estimated taxes on other income due on what, Pay ___ of current year tax, ____ of prior year, Tax return due ___/15, but may be extended to. Download Share. Show how leverage reduces the after-tax cost of assets. The Standards for a Good Tax ; Income and Substitution Effects ; Equity Issues ; Tax Rate Structure; 3 The art of taxation consists in so plucking the goose as to obtain the largest possible amount of General principles/Fundamentals of Taxation, Taxing powers, scope and limitations of nga and lgu, Kinds of Taxes Under Existing Philippine Laws, chapter 13 taxation in the Philippine setting, Advantages and Disadvantages of taxation system, Income Taxation - Answer key (6th Edition by Valencia)- Chapter 1, - , General principles-of-taxation.pptx-joni-2, Government revenue(Public Fiscal Administration), Structure of taxation and classification of taxes, chapter 8 journeying back to one's family: the filipino family in retrospect, factors influencing the structure of communities, 2022-World-Population-Data-Sheet-Booklet.pdf. Palpap Ichinichi Software International Ltd. A critical research study on the impact of virtual reality.docx, ApplicationofthePESTAnalysisforStrategicPlanningByRonaldBuye.docx, CodeofEthics-Rules-Professional-Conduct-1.pdf, No public clipboards found for this slide. If married on the ______ day of the year. This is an overview chapter. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. Economical Taxes should be cheap and easy to collect This will maximise revenue earned from it Costs of collection are low Aquinas College Economics Department 3. Introduction and Chapter 1 Types of Taxes and the Jurisdictions that Use Them. a tax basis of 200. Tap here to review the details. employees versus self-employed family compensation planning nontaxable employee fringe benefits stock options employee-related expenses qualified versus nonqualified retirement plans Slideshow 4465546 by edie Compute cost of goods sold. Title: Principles of Taxation 1 Principles of Taxation. Taxation 101 basic rules and principles in philippine taxation by jr lopez go Income and Business taxation - Senior High School, Current issues problems and solutions in taxation(4 16-14), Rani Channamma University P.G. Although the history is interesting, for 1 Unit 01. They helped me a lot once. You might even have a presentation youd like to share with others. IF the exchange of ABC for XYZ were nontaxable, she could defer paying tax on 800, and could obtain a full 1000 value of XYZ stock. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Slideshow 2910637 by holden Centre, Jamkhandi, General principles-of-taxation.pptx-joni-2, Kinds of Taxes Under Existing Philippine Laws, Taxing powers, scope and limitations of nga and lgu, chapter 13 taxation in the Philippine setting, General principles/Fundamentals of Taxation, Disability in Structural Funds Regulations 2014-2020, Latest Updates And All Latest Issues Of Income Tax India, Basic Economics With Taxation And Agrarian Reform boa, Basics of income tax assessments and appeals, 01. introduction to taxation ICAB, KL, Study Manual. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. 1 / 29 . Each taxpayer pays $10,000 in home mortgage interest. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. employees versus self-employed ; Principles of phil taxation University of Santo Tomas 6.6k views Presentation On Withholding Taxes Vikram Singh Sankhala Vikram Sankhala IIT, IIM, Ex IRS, FRM, Fin.Engr 3.2k views Tax Structure In Thailand purohitsanjay1 2k views Personal Income Tax MDKaiumHossain1 71 views Chapter 4 tax Lizzette Danan 9.9k views Fundamentals of taxation Activate your 30 day free trialto continue reading. Taxes ongasoline Ability to Pay - The moreyou make the more youshould pay. You can read the details below. You provide gt _______ financial support. And, best of all, it is completely free and easy to use. Chapter 2 ; Tax Policy Issues Standards for a Good Tax; 2 Tax Policy Issues. Finance Head for Special Projects at Philippine Tuberculosis Society, Inc. Clipping is a handy way to collect important slides you want to go back to later. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Unfortunately, if she sells ABC and buys XYZ, she must pay tax on the 800 gain on ABC, and wont have 1000 to spend on XYZ. Show how leverage reduces the after-tax cost of assets. Taxation 101: Julius M. AbesJulius M. Abes 15 June 2015Basic Rules and Principles in Philippine Taxation It is the inherent power by which the sovereign state imposes financial burden upon persons and property as a means of raising revenues in order to defray the necessary expenses of the government (Tax Digest by Crescencio Co Untian, 2002). Principles of Taxation. Title: Principles of Taxation 1 Principles of Taxation. She wants to rebalance her portfolio and buy 1000 of XYZ stock instead. Partnerships (includes LLCs) and S Corps are not taxed as entities. Title: Principles of Taxation 1 Principles of Taxation. General Principles Principles of Taxation. Taxes as Household Expenditures - tax bite is 3 / 8 hours. PRINCIPLES OF BUSINESS TAXATION 1 of 18 PRINCIPLES OF BUSINESS TAXATION Mar. IF the exchange of ABC for XYZ were nontaxable, she could defer paying tax on 800, and could obtain a full 1000 value of XYZ stock. it is the system used by government to obtain money from people and organizations. Tax Avoidance. If spouse incomes very similar, single rates, If spouse incomes dissimilar, married rates, widow or widower with a _______ child for how, MFS (married filing separately) rates are less, Single is the default category for unmarried, Calculate total income totaling Line ___ on, Calculate Adjusted Gross Income (AGI) on Line, Bunching. . Principles of Taxation. Cash distributions are . Worldwide taxation and foreign tax credits . The PowerPoint PPT presentation: "Principles of Taxation" is the property of its rightful owner. By accepting, you agree to the updated privacy policy. - A free PowerPoint PPT presentation (displayed as an HTML5 slide show) on PowerShow.com - id: 19e6c-ODBlN Fiscal adequacy The source of government revenue should be efficient to demand the needs of public expenditure. The SlideShare family just got bigger. Chapter 14 ; Compensation and Retirement; 2 Objectives. Looks like youve clipped this slide to already. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. ECO 501- 22-3- 09- Markets- Introduction (1).pptx. Phases. Introduction to Taxation our purposes, the sections on tax structure, types of tax, tax administration, and understating the tax law will be relatively How to distinguish between a Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. . We've updated our privacy policy. Aquinas College Economics Department. Click here to review the details. good and a bad tax a tax basis of 200. Chapter 14 Compensation and Retirement Planning. This is refundable - a, Excess FICA withholding is refunded through a tax, Taxable income or - adjustments preferences, Locate a form 6521 on your Turbotax program or on. I. Compute cost of goods sold. Locate a form 6521 on your Turbotax program or on the IRS web site. Single level of taxation. General principles/Fundamentals of Taxation Phil Taxation 32.7k views Indirect Tax Basic Dhananjay Singh 10.1k views Taxation 3 Dhii Anne 2.6k views Blt 134 chapter 1 Bong Retonel 15.2k views Tax background1 Keshav Rao 3.9k views TYPE OF TAXES (APPLIED ECONOMICS) DepEd - DIS 732 views Ppt 1 taxation Khushboo Singh 2.3k views Title: Principles of Taxation 1 Principles of Taxation. Chapter 17 The Tax Compliance Process. ECON4 Dependent must be a U.S. citizen OR a resident of, Phase-out of itemized deductions - If AGI greater, Phase-out of exemptions - IF AGI greater than, See AP 4 and 5 for practice with tax rate, AP4 Would Ms. G and Mr. H prefer married or, AP5 Would Mr. P and Mrs. P prefer married or, Child Credit ____ per child in 2000. 12. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. Updated on Apr 07, 2019 PamelaLan + Follow subsidiary tax costs form doctrine Taxes on wages are withheld each pay period. accumulated earnings tax, personal holding company tax, tax rates on members of a controlled group. Pass-through losses ; After-tax cash flows to individual investor ; Family income shifting ; Partnership versus S Corp characteristics ; Closely-held corporations - A free PowerPoint PPT presentation (displayed as an HTML5 slide show) on PowerShow.com - id: 15b0e7-ZDc1Z ECON4 The Principles of Taxation How to distinguish between a 'good' and a 'bad' tax Aquinas College Economics Department 2. 11, 2012 18 likes 14,121 views Download Now Download to read offline abiodunmamora Follow Advertisement Recommended Taxation Tilleke Gunalatika 22.9k views 41 slides Tax planning,evasion and avoidance priyanka naik 19.6k views 10 slides Corporate tax planning Use recovery period, method and convention to compute MACRS depreciation. We've updated our privacy policy. Activate your 30 day free trialto unlock unlimited reading. Have u ever tried external professional writing services like www.HelpWriting.net ? If you are a dependent on someone elses return, Exemption _______ in 2001 for each personal or, Family member OR live in your home for entire. Objectives. 2 This is a tax planning chapter - HOW to use rules. Constructive dividends limit corporate tax avoidance. View CHAP 1 GENERAL PRINCIPLES OF TAXATION.ppt from COL 001 at De La Salle University. Taxation requires nexus - degree of contact between business and state . Free access to premium services like Tuneln, Mubi and more. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. This is part 1 of chapter 2 of Income taxation for non-BSA by Ampongan. Activate your 30 day free trialto unlock unlimited reading. Now customize the name of a clipboard to store your clips. Powers and functions of local governments, Demokrasi, pembangunan dan perpajakan sesi 4, Government revenue(Public Fiscal Administration), 01. introduction to taxation ICAB, KL, Study Manual, The role of the government in the economy. It appears that you have an ad-blocker running. Explain effect of sole proprietorship on individual tax return. Click here to review the details. It has millions of presentations already uploaded and available with 1,000s more being uploaded by its users every day. Chapter 9 Sole Proprietorships, Partnerships, and S Corporations. Describe how taxable year relates to operating cycle. Principles of Taxation. Tax avoidance versus tax evasion Tax planning variables The Entity The Time Period The Jurisdiction The Character of Income Explicit and implicit taxes Tax law doctrines. Unfortunately, if she sells ABC and buys XYZ, she must pay tax on the 800 gain on ABC, and wont have 1000 to spend on XYZ. Activate your 30 day free trialto continue reading.