Question
Which one of the following cannons of taxation was not
advocated by Adam Smith?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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1.ICOR has evolved from the Harrod-Domar Growth...
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