Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following are canons of Good Taxation system as given by Adam Smith:
1. Canons of Equality
2. Canons of Economy
3. Canons of Productivity
4. Canons of Fiscal Adequacy

• A. 1 and 3
• B. 1 and 2
• C. 1, 3 and 4
• D. 1, 2, 3 and 4

Answer 1

The correct option is B 1 and 2

Following are the canons of Good Taxation System given by Adam Smith
1. Canon of Equality or Equity
2. Canon of Certainty
3. Canon of Economy
4. Canon of Convenience