Adam Smith's canons of taxation are equity,certainty,convenience,and economy.

Question

Quizplus · Accepted Answer

This statement is true. Adam Smith outlined the canons of taxation in his book "The Wealth of Nations". The canons are equity (taxes should be proportionate to income or ability to pay), certainty (taxes should be clear and predictable), convenience (taxes should be easy to pay), and economy (taxes should be efficient and cost-effective to collect).

Adam Smith's Canons of Taxation Are Equity,certainty,convenience,and Economy