About this document
Adam Smith by Deepa Pal is a document available to read on EtoBox.
The document outlines the Cannons of Taxation, which are principles for a good taxation system proposed by economist Adam Smith in 1776. It details four primary cannons: Equality, Certainty, Economy, and Convenience, along with additional cannons introduced by economist Bastable, including Elasticity, Production, Simplicity, Diversity, and Flexibility. These principles emphasize fairness, clarity, cost-effectiveness, and adaptability in tax systems, which remain relevant in modern governance.
- Author
- Deepa Pal
- Language
- EN