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Elections 2013: “Gusto lang nila maging room nurse” – Cynthia Villar

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Talk about getting the attention of Filipino voters in a negative way. I am not a nurse but I know for sure that this statement of Congresswoman Cynthia Villar will not help her senate bid especially in getting votes from Filipino nurses. “Hindi naman kailangan ang nurse ay matapos nung BSN, kasi itong ating mga […]

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Election 2013: Can Dick Gordon Harlem Shake his way to senate?

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Politicians will really do everything just to catch the voters’ attention.   UNA’s senatoriable Richard “Dick” Gordon started the dance gimmick by doing Harlem Shake with his grandchildren. See the video below.   What can you say about Dick’s Harlem Shake? I bet other senatoriables will release their own version of other famous dance craze. […]

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Online Survey: 2013 Senatoriables

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Can your senator enact new laws? Can your senator be a responsible and capable impeachment judge? Can your senator spend his PDAF wisely and to the benefit of the public?   [yop_poll id=”2″]  

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Election 2013 Fail: Enrile-Quimbo Mix-up!

Election 2013 Fail: Enrile-Quimbo Mix-up!

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I don’t care if it is an honest mistake or pure negligence, this photo made my day! The photo above shows Marikina Representative and Liberal Party Spokesperson Miro Quimbo in an UNA poster under the name of Jack Enrile. The poster appeared in Mabalacat City, Pampanga last February 20, 2013. As a response to the […]

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President Aquino’s Official Statement on Sabah Incident

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Statement of His Excellency Benigno S. Aquino III President of the Philippines On the Sabah incident [Delivered at the New Executive Building, Malacañang, on February 26, 2013] I address you today about the incident that is now taking place in Sabah, allegedly under the leadership of Prince Rajah Mudah Agbimuddin Kiram. Our relations with Malaysia […]

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Domondon Taxation Bar Exam Answers Part 6

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CAPITAL GAINS TAX Capital Gains Taxation, In General When may a capital gain be exempt from tax? (1976) a. Sale, exchange or other disposition of real property. 1. Presumed capital gains realized from the disposition of their principal residnce by natural persons, the proceeds of which are fully utilized in acquiring or constructing a new […]

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Domondon Taxation Bar Exam Answers Part 5

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PASSIVE INCOME SUBJECT TO FINAL TAX Passive Income in General What is mean by income subject to “final tax”? Give at least two examples of income of resident individuals that is subject to final tax. (2001) Income subject to final tax refers to an income collected to through the withholding tax system. The payor of […]

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Domondon Taxation Bar Exam Answers Part 4

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EXCLUSION FROM GROSS INCOME Exclusion from Gross Income, in General Discuss briefly whether or not all income is taxable. (1988) Not all income are taxable. Some incomes are excluded from gross incomes in the determination of taxable income, and others are subject to tax exemptions. Exclusions from gross income distinguished from deductions from gross income. […]

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Domondon Taxation Bar Exam Answers Part 3

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CLASSIFICATION OF TAXPAYERS AND TAXATION OF THEIR INCOME Trusts Mr. David created an irrevocable trust in favor of his two minor grandchildren. The trust stipulates that 50% of the net income should be distributed yearly to the grandchildren, share and share alike, the balance to accumulate for eventual distribution to the grandchildren at the age […]

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Domondon Taxation Bar Exam Answers Part 2

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CONCEPTS OF INCOME AND INCOME TAXATION Nature, Scope, Classification and Essential Characteristics of Income Define income for tax purposes. (1969) Income means all wealth which flows into the taxpayer other than as a mere return of capital. It includes the forms of income specifically described as gains and profits, including gains derived from the sale […]

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