Adam Smith prescribed the following Canons of taxation – a. Canon of equality b. Canon of certainty c.…
Equality, certainty and economy are among Adam Smith's taxation canons. Convenience is the other familiar canon; productivity is not in that original fourfold list.
Choose your answer
Adam Smith prescribed the following Canons of taxation –
a. Canon of equality
b. Canon of certainty
c. Canon of economy
d. Canon of productivity
Answer and explanation
Correct answer C
Equality, certainty and economy are among Adam Smith's taxation canons. Convenience is the other familiar canon; productivity is not in that original fourfold list.
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RPSC Assistant Professor (College Education)