Question

A dam Smith gave the following cannons of a good tax system:

• A. Canon of economy
• B. Canon of equality
• C. Canon of certainty
• D. All of above

Answer 1

The correct option is D All of above

Adam smith proposed the canons of a good tax system for effective revenue generation and maintaining social objectives as well.

The four canons are of

(1) Equality,

(2) Certainty,

(3) Convenience, and

(4) Economy.