TY  - BOOK
AU  - Yballe, Nichole Angeli T.
TI  - Revisiting death taxes: is it time to abolish the Philippine estate tax? 
PY  - 2017///
CY  - Cebu City
PB  - University of Cebu
N1  - Thesis (Degree of Juris Doctor) -- University of Cebu- Banilad, 2017; Includes bibliographical references (leaves 91-93)
N2  - Summary: The estate tax contributes only a miniscule portion to the whole revenue collected annually by the national government.Thus, it can be implied that there are some problems and issues surrounding its imposition and administration. This thesis is premised on revisiting the laws, regulations and realities on death taxes, particularly the estate tax of the Philippines.
Qualitative research was utilized with the use of a self-made interview guide to gather data from seventeen key informants in order to substantiate the topic. The key informants come from different fields of expertise who are all knowledgeable on the estate taxation practices in the country. Consequently., this study revisits how the estate tax evolved ever since its first imposition. It tackles on the actual practices in the payment of the tax obligation such as: the revenue performance over the past years, the realities on how estate taxpayers comply with the tax burden and the problems in the administration of the said tax. Along with that, the efforts made by the congress in addressing the issues of the estate tax will likewise be looked into. Since the abolition of estate taxes has been a trend globally, the ways in which abolition were effectuated in other countries are also discussed. Finally, the advantages and disadvantages of the abolition of the Philippines estate tax will be presented.
Accordingly, the study will assert that there is a need to abolish the said estate tax because it is no longer functioning as a sound system. In doing so, it will promote the utilization of estates and will likewise encourage legitimate compliance on the part of the taxpayers. Hence, this study will propose a bill to repeal the existing law on estate tax and also propose a bill to impose an alternative tax, which is the wealth tax, as a long term measure in taking action towards the problem
ER  -