Ethics (CH #03) Flashcards
Canons of Taxation by adam smith and additional canons of taxation?
1-canon of equality
2-canon of certainity
3-canon of economy
4-canon of convenience
Additional canons:
5-canon of elasticity
6-canon of flexibility
7-canon of productivity
8-canon of simplicity
9-canon of diversity
Approaches to ethics for tax compliance?
1-Utilitarianism
2-Deontology
3-Virtue Ethics
Tax Avoidance & Evasion?
Difference between tax avoidance and evasion?
Powers of Tax Administrators ? and misuse of these powers can result in what?
Explain Pilars of Tax Administration?
1- Fairness
2- Transparency
3- Accountability
4-Equity
Ethical issues under pillars of administration?
Principles to avoid ethical issues by tax administration authorities?
Responsibilities of tax implementing authorities?
Ethics for tax practitioners/Chartered Accountants?