Practice question
A valid tax clearly covers a transaction. A business seeks an exemption based only on its valuable contribution to employment, identifying no clear exemption grant. Which is best?
- Economic contribution alone does not establish the claimed statutory exemption
- Every job creator is automatically exempt
- Policy preference can replace the statute
- Only the business’s size matters
- The taxpayer can declare itself exempt
Legal references
- https://lawphil.net/judjuris/juri1998/jul1998/gr_117359_1998.html — Davao Gulf Lumber v. CIR, G.R. No. 117359, July 23, 1998, main opinion
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