Which one of the following is not a ‘canon of taxation’ according to Adam Smith?
(A) Canon of certainty
(B) Canon of simplicity
(C) Canon of convenience
(D) Canon of economy
Correct Answer : Canon of simplicity
Question Asked : SSC Higher Secondary Level Data Entry Operator & LDC Exam 2010
Explanation : In this book, titled The Wealth of Nations. '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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