This case has been cited 1 times or more.
|
2012-04-10 |
ABAD, J. |
||||
| The Court has also recently declared that the coco-levy funds are in the nature of taxes and can only be used for public purpose.[46] Taxes are enforced proportional contributions from persons and property, levied by the State by virtue of its sovereignty for the support of the government and for all its public needs.[47] Here, the coco-levy funds were imposed pursuant to law, namely, R.A. 6260 and P.D. 276. The funds were collected and managed by the PCA, an independent government corporation directly under the President.[48] And, as the respondent public officials pointed out, the pertinent laws used the term levy,[49] which means to tax,[50] in describing the exaction. | |||||