Question: 1.Explain in your own words the most important differences and similarities between the common law and civil law legal systems. 2. Explain in your own

1.Explain in your own words the most important differences and similarities between the common law and civil law legal systems.

2. Explain in your own words the relationship between the terms: gross income and taxable income (US terminology).

3. Explain in your own words the meaning and significance of the term permanent establishment in the context of international tax law.

4. Explain in your own words the significance of OECD Model Tax Convention on Income and on Capital

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