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WAEC Economics 2005 Question 36

Question 36

Public Finance

Among principles of taxation propounded by Adam Smith was that

  1. A.a tax should be impossible to evade
  2. B.a tax should be convenient to pay
  3. C.no tax should be levied on food.
  4. D.there should be no taxation without representation.
Show the answer and explanation

Answer: B (a tax should be convenient to pay)

Explanation

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