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PRC-3 · Chapter 16 · Question 13 of 20

Adam Smith's 'Canon of Certainty' regarding taxation dictates that:

Test yourself: pick an answer

Reveal answer & explanation

Correct answer: B) The time, manner, and amount of payment must be clear, plain, and not arbitrary

Explanation

The canon of certainty requires that taxpayers fully understand their tax liabilities without ambiguity to prevent state corruption and taxpayer anxiety.

All 20 questions in Chapter 16Public Finance MCQs with answers

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