CAF-2 · Chapter 3 · Question 11 of 15
Which canon of taxation dictates that a government should collect taxes from multiple sources rather than relying heavily on a single source to avoid inequity and revenue uncertainty?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) D) Canon of Diversity
Explanation
The Canon of Diversity states that the government should collect taxes from different sources; relying on a single source can result in inequity and uncertainty.
More Ethics MCQs
- Q13To determine what is ethically good for an individual and society, the philosopher Aristotle stated that it is necessary to possess three…
- Q14A deontologist ethical approach to tax compliance is best described by which of the following?
- Q15An individual engages in "aggressive tax planning," finding legal loopholes to minimize their tax bill without committing fraud. According…
- Q1A tax practitioner advises a corporate client on a cross-border transaction involving complex international tax treaties without…
- Q2A manager at a tax consultancy firm instructs his subordinate to ignore certain undocumented expenses while preparing a client's income…