Solution to Assignment Problem One - 2
Some of the possible examples of conflicts between objectives would be as follows:
1. Revenue Generation And International Competitiveness The need to lower rates of
taxation in order to be competitive on an international basis is in conflict with the need to
generate revenues.
2. Fairness And Simplicity In order to make a tax system simple, a single or small number
of tax rates must be applied to a well established concept of income with only a limited
number of deductions or exceptions available. This is in conflict with the goal of tailoring
the system to be fair to specific types of individuals, such as the disabled.
3. Revenue Generation And Social Goals The desire to provide funds to certain types of
individuals (Old Age Security) or to provide certain types of services (health care) may be
in conflict with the need to generate tax revenues.
4. Flexibility And Certainty To make a tax system flexible in changing economic, political, and social circumstances, there must be some uncertainty.
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Sophia Finance Milestone Final_Complete Questions and Answers 2021...
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