As a Trusted Tax Advisor, you have been engaged by your Provincial Government to deliver a Brief
Question:
As a Trusted Tax Advisor, you have been engaged by your Provincial Government to deliver a Brief on Luxury (also known as Wealth Taxes). Your Provincial Government want to ascertain the impact and determine whether Wealth Taxes are a good idea. From your experience, you know that both the Canadian and USA governments are advocating Tax the Rich.
You decide that the best format will be Objectives of personal income tax. Prepare Brief with the following headlines and apply your research to each headline.
REQUIRED: Essay style answers to the below Headlines in a Brief Format.
- Neutrality:
- Equity:
- Simplicity:
- International Competitiveness:
- Adequacy:
You must express your opinion. Considering your provincial MLA's (Members of Legislative Assembly) are a mix of both Pro Tax and Against Tax (also known as free market), you must conclude your Brief with a middle of the road summation to point out both good and bad points on Luxury Tax.
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill