WebCanon of Certainty: The tax which an individual has to pay should be certain and not arbitrary. According to A. Smith, the time of payment, the manner of payment, the quantity to be paid, i.e., tax liability, ought all to be clear and plain to the contributor and to everyone. Thus, canon of certainty embraces a lot of things. WebIn this article we will discuss about the principles of taxation. The most important source of government revenue is tax. A tax is a compulsory payment made by individuals and companies to the government on the basis of certain well-established rules or criteria such as income earned, property owned, capital gains made or expenditure incurred (money …

Taxation of Digital Economy in Nigeria, Need for Certainty

WebAlthough these canons of taxation were presented a good while back, they are still used as the foundation of discussion on the principles of taxation. Adam Smith presented 4 … Web5. Taxation as an Instrument for Improving Income Distribution: A good tax system for a developing economy should also serve as an instrument for reducing economic … certificate of sea service philippines

Adam Smith

Weblegal certainty in tax cases on the basis of some formal andsubstantiveperspectives.Statisticalstudiesoftheout-come of taxation proceedings … WebOct 1, 2024 · The Supreme Court decision, echoing Adam Smith’s canon of certainty in tax law, seeks to impress upon the Government that “it is the responsibility of the regime to … WebFood and beverage costs include the full cost of a meal or snack as well as any sales tax, delivery fees, and tips. This is a temporary, 100% deduction made available by the Taxpayer Certainty and Disaster Tax Relief Act … certificate of scholarship award