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Differentiate the following set of terms. Provide examples to substantiate your points. 1. Business Tax vs. Income Tax 2. Indirect Tax vs. Direct Tax 3.

Differentiate the following set of terms. Provide examples to substantiate your points. 1. Business Tax vs. Income Tax 2. Indirect Tax vs. Direct Tax 3. Ad Valorem vs. Specific Tax 4. Old Tax System vs. TRAIN Law 5. National Tax vs. Local Tax *strictly follow instructions

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1 Business Tax vs Income Tax Business Tax This is a tax levied on the income profits or activities of businesses It includes taxes such as corporate i... blur-text-image

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