The ‘Canons of Taxation’ were propounded by
(A) Edwin Canon
(B) Adam Smith
(C) J.M. Keynes
(D) Dalton
Correct Answer : Adam Smith
Question Asked : SSC Combined Matric Level (Pre) Exam 2001
Explanation : Canons of Taxation were first originally laid down by economist Adam Smith in his famous book 'The Wealth of Nations". In this book, Adam smith only gave four canons of taxation: (i) canon of equity; (ii) canon of certainty; (iii) canon of convenience; and (iv) canon of economy.
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Tags : macroeconomics