1.2 IAX Report on Luxury lax- Qualitative Characteristics of a lax System 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 Tox the Rich. You decide that the best format will be Objectives of personal income tax. Prepare a Brief with the following headlines and apply your research to each headline. REQUIRED: Essay style answers to the below Headlines in a Brief Format. 1) Neutrality: 2) Equity: 3) Simplicity: 4) International Competitiveness: 5) 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. You will need to reference 2 articles - you may cut \& paste the website address. State whether the article provider is Pro Tax Leaning or Free Market Leaning