Assignment Problem One - 2 (Conflicting Objectives) The tax systems of various countri to raising revenues, we call on our tax systems to provies cons of various countries are designed to meet a variety of objectives. In addition Call on our tax systems to provide fairness, to have the characteristic of to meet social or economic goals, to balance regional disparities, and to be compet- ve on an international basis. While it would be a fairly simple matter to design a system that meet any single one of these objectives, we frequently encounter conflicts when we attempt to create a system that meets several of these objectives. Required: Discuss the possible conflicts that can arise when a tax system is designed to meet more than a single objective. Assignment Problem One - 2 (Conflicting Objectives) The tax systems of various countri to raising revenues, we call on our tax systems to provies cons of various countries are designed to meet a variety of objectives. In addition Call on our tax systems to provide fairness, to have the characteristic of to meet social or economic goals, to balance regional disparities, and to be compet- ve on an international basis. While it would be a fairly simple matter to design a system that meet any single one of these objectives, we frequently encounter conflicts when we attempt to create a system that meets several of these objectives. Required: Discuss the possible conflicts that can arise when a tax system is designed to meet more than a single objective