>Econ240 paperRead chapter 20 of The Mirrlees Report “Tax by Design”. The assignment is based on this document.(see attached doc) The assignment response should compare the two countries in terms of the three taxes(the personal income tax/the corporate income tax/the value-added tax (The VAT in Britain and the GST/HST in Canada) and highlight any differences that might preclude Canada following the Report’s recommendations. It should also try to determine if there are differences in the behavioural responses of individuals and firms to the taxes that might preclude Canada from adopting the recommendations. It should conclude with an argument about which of the Report’s recommendations for reform should be adopted in Canada. For detailed instruction and Mirrlees report please see the files attached.