CANONS OF TAXATION
1. Should ensure equality - the amount of tax paid should be in proportion to the abilities of the taxpayers.
2. should be convenient - that is, taxpayer's friendly and make it easy for them.
3. Should be economical - cost of collecting tax should be minimum as possible so as to fund all government expenses appropriately.
4. should be productive - that is, there should be large revenues collected as a result of taxing.
5 should be flexible - it must be in a position to increase and decrease depending on changes in demand for revenue.
6. Should be certain - the tax payers should be made aware of the purpose of paying tax.
Ronieh answered the question on August 9, 2018 at 15:03
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