Challenger App

No.1 PSC Learning App

1M+ Downloads
Which principle of taxation states that taxes should be easy to understand and administer?

AEquity

BCertainty

CSimplicity

DConvenience

Answer:

C. Simplicity

Read Explanation:

  • The simplicity principle, also known as the simplicity canon, states that a tax system should be easy for both taxpayers to understand and for governments to administer.


Related Questions:

Deadweight loss in a tax system refers to:
An excise tax is a tax on:
A tax levied on a firm's profits is known as:
A State Government obtains a loan from a commercial bank to build a new highway. This loan is a:
Which of the following statements about non-tax revenue is correct?