Which of the following is not one of Adam Smith's canons of taxation?

A) equity
B) convenience
C) certainty
D) economic stimulation


D) economic stimulation

Smith's canons of taxation are equity, certainty, convenience and economy (in terms of administration of the tax system).

Business

You might also like to view...

Danilo has been working for Metropolitan Taxi for three months. He expected that his job would be to drive around the city, pick up fares, and drop them off at their desired locations, but in his first few days on the job he realized that the job entails much more. He must keep his taxi cab clean and neat, and some days he will be stationed at the shop and go to people's houses to pick them up and bring them to the local airport. Within a few months, he has learned that taxi drivers often express frustration with the people they call "civilians"—that is, non–taxi drivers, whose driving skills they complain about incessantly. In his first few months on the job, ________ describes what Danilo is undergoing.

A. a symbolic ritual B. values training C. hierarchical indoctrination D. fit analysis E. organizational socialization

Business

Explain why each of the following persons or groups would be interested in seeing the financial statements of a company. Also state whether each has a direct or indirect financial interest

a. Potential investor b. Internal Revenue Service c. A labor union d. Securities and Exchange Commission e. Potential creditor f. Management g. Economic planners

Business

Explain the different types of warranty disclaimers

What will be an ideal response?

Business

What does the term "substantial performance" mean? What factors are generally considered when determining whether one of the parties has substantially performed?

Business