Adam Smith’s Four Main Canons of Taxation ↓ A good tax system is one which is designed on the basis of an appropriate set of principles (rules). The tax system should strike a balance between the interest of the taxpayer and that of tax authorities. Adam Smith was the first economist to develop a list of Canons of Taxation. These canons are still regarded as characteristics or features of a good tax system. Adam Smith gave following four important canons of taxation. 1. Canon of Equity The principle
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origins and aftermath of the war. For military actions‚ see American Revolutionary War. For other uses‚ see American Revolution (disambiguation). In this article‚ inhabitants of the Thirteen Colonies of British America that supported the American Revolution are primarily referred to as "Americans‚" with occasional references to "Patriots"‚ "Whigs‚" "Rebels" or "Revolutionaries". Colonists who supported the British in opposing the Revolution are usually referred to as "Loyalists" or "Tories". The geographical
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Yes‚ I believe it was a genuine revolution‚ since it tested the powers of the authorities. It was not a radical revolution as it was known all over in recent years; it was an outfitted battle for rights and a superior future. The revolution could be seen as a change occasion of the general public from the long haul. It did change the general public for all time and its gratefulness could be seen within time. Since the American Revolution was not as radical‚ it possibly was motivation behind why it
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The American Revolution was a widespread coming together of angry colonists against England. Beginning in the late 1700s‚ after the French and Indian War‚ colonists started getting fed up with what they thought of as cruel treatment. What really fueled their rage was the unfair taxation. The French and Indian War ended with Britain in serious dept. Britain decided that it was about time for the colonists to pay for their war costs. So‚ they passed a series of laws imposing taxes on the colonists
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are many different factors that brought about the American Revolution. As well as political battles‚ there was a large economical battle taking places in the colonies because of taxation without representation. The colonists often believed that the British government was tyrannical and out of control with the taxes they implemented on the colonists. The disputes over trade‚ government control‚ and taxes eventually brought about the American Revolution and shaped the way America is today. The economical
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The American Revolution was one of the biggest turning points in American history. The revolution was a huge turning point because it turned America‚ a land owned and manipulated by Great Britain into a newly established country. The men and women who settled in America before the Revolution experienced hardships‚ unjust taxations‚ and had to oblige by the monarch’s rule. The revolution gave these people a chance to stand up for themselves as well as govern themselves. There were about 350‚000 eligible
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Presumptive Taxation A presumptive or imputed tax is generally a proxy for the standard tax. It is applied when the tax base is too small or hard to verify‚ due to limited administrative resources‚ or improper accounting practices. According to a definition by Ahmed and Stern (1991)‚ “The term presumptive taxation covers a number of procedures under which the ‘desired’ base for taxation (direct or indirect) is not itself measured‚ but is inferred from some simple indicators which are more easily
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For the English colonies‚ the French and Spanish colonies were an hindrance to westward expansion‚ trade and cooperation with Native Americans. They saw the French and Spanish as a potential military threat in the new world. The English‚ who where mainly protestant‚ thought of the French and Spanish colonies as a bastion of Roman Catholic Christianity‚ which bothered them greatly. In 1739‚ Great Britain declared war on Spain in what was known as the War of Jenkin’s Ear‚ which was fought mostly in
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There are arguments that the American Revolution was a radical movement‚ meaning that it making economic‚ political‚ or social changes of a sweeping or extreme nature‚ but it was conservative. Conservative means to be in favor of preserving the status quo and traditional values and customs‚ and against abrupt change. The colonists went to war with Brittan because they would not change the corrupt monarchy after the British soldiers shot civilians. The change on America was slow and gradual and
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* ------------------------------------------------- From your readings and class notes answer the following questions: * ------------------------------------------------- * ------------------------------------------------- 1. “The Americans have made a discovery‚ or think they have made a discovery‚ that we mean to oppress them; we have a made a discovery‚ or think we have made a discovery‚ that they intend to rise up in rebellion against us. We know not how to advance; they know not
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