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Which one of the following canons of taxation was not advocated by Adam Smith?

Canon of equity
Canon of certainty
Canon of convenience
Canon of fiscal adequacy

Correct Answer: Canon of fiscal adequacy

Explanation:

Adam Smith propounded the following first four canons of taxation -(1)Canon of Equity. (2) Canon of Certainty: (3) Canon of Convenience or Ease (4) Canon of Economy.

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