A View On What Is Taxation

Taxation

Adam Smith defined TAX as source of derivative income for the government, a coerced payment as far as an individual is concerned, a compulsory levy
in conformity with the pre-established rules as fas as the administrator is concerned and a contribution by the people to the common expenditure from the conceptual
point of view.


Cannons of Taxation

* By Adam Smith

* By Western/European economists

* By Raja Chelliah(In Indian Context)

By Adam Smith

* Equality

* Certainity

* Convenience

* Economy

By Western/European economists

* Cannon of diversity

* Cannon of elasticity

* Cannon of productivity

* Cannon of simplicity

* Cannon of expediency

By Raja Chelliah(In Indian Context)

* Cannon of mobilisation of economic surplus

* Cannon of unused capacity

* Cannon of income elasticity