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This is considered to be the most important principle of taxation which has been embraced by even the most modern economist. However, one area where Smith was not clear was the principle of ability. His implication that ‘as nearly as possible in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the State’ would give rise to the contrast between principal of ability and principle of benefits...

With reference to Quotation 1, Appendix, the amount, time and method of tax payment should be clear to all tax payers so that the taxpayer can adjust his income and expenditure accordingly. Similarly, the state must also be clear on the amount and time upon which the levied tax is to be received. This canon is meant to safeguard the taxpayers from any exploitation by the tax-collector or the state...

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