Both Sales Tax and VAT are consumer taxes, which means that they have to be paid whenever one purchases a product that is meant to be consumed or used. However, sales tax is a type of direct tax, while VAT is...

A forward contract is a non-standardized contract that allows parties to customize how they want to sell or buy an asset, at which price and what date. On the other hand, a future contract is a standardized...

Service Tax is a tax that is levied by the government on any services that are rendered. Value Added Tax (VAT) on the other hand is a tax that is levied by the government for goods that are purchased. However...

A service tax is a tax that is levied by the government for whom certain services are provided. A service charge is an unofficial charge levied by restaurants for services provided.

The most common differences are that externships are often shorter than internships. They are also unpaid, whereas internships are often not.