Which one of the following is not a 'canon of taxation' according to Adam Smith?

Related MCQs

• Adam Smith (1723 – 1790) was a British economist and philosopher. Which treatise of Adam Smith is considered the first serious attempt in the history of economics to divorce the study of political economy from the related fields of political science, ethics and jurisprudence?
• Arranging one’s financial affairs within the law so as to minimize taxation liabilities is known as
• Underground economic activity that is not declared for taxation purposes is called
• The 'Canons of Taxation' were propounded by -
• Taxation is a tool of -
• The Ability Principle of Taxation is given by -
• Taxation on the income and resources of individuals or organization is known as:
• Which one of the following items is not included in the current account of India's Balance of Payments?
• Which one of the following is not a method of measurement of National Income?
• Which one of the following would not constitute an economic activity?