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    Taxation Under The Americans

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    railgun 17
    The Americans who acquired the Philippines aimed to make the economy self-sufficient through taxation. They initially followed the outdated Spanish taxation system before implementing reforms. The 1904 Internal Revenue Law was passed and implemented various taxes including on alcohol, tobacco, banks, documents, and businesses. However, land taxation proved difficult due to disordered land titling and tax evasion. Later reforms included implementing income and inheritance taxes as well as a national lottery, but new taxes were not sufficient to replace lost revenues after tariffs were reduced.

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    Taxation Under The Americans

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    railgun 17
    3K views10 pages
    The Americans who acquired the Philippines aimed to make the economy self-sufficient through taxation. They initially followed the outdated Spanish taxation system before implementing reforms. The 1904 Internal Revenue Law was passed and implemented various taxes including on alcohol, tobacco, banks, documents, and businesses. However, land taxation proved difficult due to disordered land titling and tax evasion. Later reforms included implementing income and inheritance taxes as well as a national lottery, but new taxes were not sufficient to replace lost revenues after tariffs were reduced.

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    Taxation Under the Americans

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    Taxation Under the Americans

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    The Americans who acquired the Philippines aimed to make the economy self-sufficient through taxation. They initially followed the outdated Spanish taxation system before implementing reforms. The 1904 Internal Revenue Law was passed and implemented various taxes including on alcohol, tobacco, banks, documents, and businesses. However, land taxation proved difficult due to disordered land titling and tax evasion. Later reforms included implementing income and inheritance taxes as well as a national lottery, but new taxes were not sufficient to replace lost revenues after tariffs were reduced.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    3K views10 pages

    Taxation Under The Americans

    Uploaded by

    railgun 17
    The Americans who acquired the Philippines aimed to make the economy self-sufficient through taxation. They initially followed the outdated Spanish taxation system before implementing reforms. The 1904 Internal Revenue Law was passed and implemented various taxes including on alcohol, tobacco, banks, documents, and businesses. However, land taxation proved difficult due to disordered land titling and tax evasion. Later reforms included implementing income and inheritance taxes as well as a national lottery, but new taxes were not sufficient to replace lost revenues after tariffs were reduced.

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    TAXATION

    UNDER THE
    AMERICANS
    TA X AT I O N U N D E R T H E A M E R I C A N S

    The Americans who acquired the Philippines aimed to


    make the economy self-sufficient by running the
    government with the smallest possible sum of revenue and
    create surplus in the budget. From 1898 to 1903, the
    Americans followed the Spanish system introduced by the
    Spaniards were outdated and regressive.
    The military government suspended the contracts for
    the sale of opium, lottery, and mint changed for coinage
    of money. Later on, the urbana would be replaced by tax
    on real state, which became known as the land tax. The
    land tax was levied on both urban and rural real estates.
    The problem with land tax was that land titling in the
    rural area was very disorderly: the appraising of land value
    was influenced by political and familial factors and the
    introduction of a taxation system on agricultural land faced
    objections from the landed elite. Tax evasion was prevalent
    especially among the elites.
     The Internal Revenue Law of 1904 was passed as a reaction to the
    problems of collecting land tax. It prescribed ten major sources of
    revenue: licensed taxes on firms dealing in alcoholic beverages and
    tobacco, excise taxes on alcoholic beverages and tobacco products,
    taxes on banks and bankers, document stamp taxes, the cedula, taxes on
    insurance and insurance companies, taxes on forest products, mining
    concessions, taxes on business and manufacturing, and occupational
    licenses.
    The cedula went through changes in the law as the rate
    was fixed per adult make, which resulted in a great
    decline in revenues. In 1907, some provinces were
    authorized to trouble the fee for the cedula to support the
    business community and became a highly complex system
    the assigned a certain tax to an industrial or commercial
    activity according to their profitability. The new act also
    imposed a percentage tax on sales payable quarterly.
    In 1913 the Underwood-Simmons Tariff
    Act was passed, resulting in a reduction in
    the revenue of the government as export
    taxes levied in sugar, tobacco, hemp, and
    copra were lifted,
    To make up for the loss, then Governor General Francis
    Burton Harrison urged that tax receipts be increased to
    make up for the loss. Minor changes were made to the 1904
    International Revenue Act such as the imposition of taxes
    on mines, petroleum products, and dealers of petroleum
    products and tobacco.
    New sources of taxes were introduced later on.
    In 1914, an income tax was introduced; in 1919, an
    inheritance tax was created; and in 1932, a national
    lottery was established to create more revenue for
    the government. However, there new creations
    were not enough to increase government revenues.
    THANK YOU

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