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Question

Which one of the following cannons of taxation was not advocated by Adam Smith?

A Cannons of equality Correct Answer Incorrect Answer
B Cannons of certainty Correct Answer Incorrect Answer
C Cannons of convenience Correct Answer Incorrect Answer
D Cannon of fiscal adequacy Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

In order to guide the taxing authority, Adam Smith laid down four principles which are known as cannons of taxation 1.    C Cannons of equality 2.    Cannons of certainty 3.    Cannons of convenience 4.    Cannon of economy

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