Taxation, 2010 Bar — Question II

DEFINE, ENUMERATE OR EXPLAIN

(A) What is the "all events test"? Explain briefly. (2%) (B) What is the "immediacy test"? Explain briefly. (2%) (C) What is the "rational basis" test? Explain briefly. (2%) (D) What is the effect of the execution by a taxpayer of a "waiver of the statute of limitations" on his defense of prescription? (2%) (E) What is the basis for the computation of business tax on contractors under the Local Government Code? (2%) (F) How are retiring businesses taxed under the Local Government Code? (2%)

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