A. Strategic planning will not only be waste of time and resources of companies during this COVID 19 period, as it will conflict with the need for them to change and adopt new strategies in the future. What is your opinion about this statement? B. The strength of business should define the weakness of competitors. How does this work

Read and understand the topic below and write your understanding and learnings of the topics.  W-i-t-h-h-o-l-d-i-n-g- -T-a-x-e-s A systematic way of collecting taxes at source, an indispensable method of collecting taxes to ensure adequate revenue for the government. The withholding tax agent who is usually an employer or a person from whom the income is derived does this process through withholding the appropriate amount of taxes from taxpayers. It is designed to ensure the collection at source of income taxes. If w-i-t-h-h-o-l-d-i-n-g- -t-a-x is not withheld from income payments, there will be a disallowance of deductible business expenses claimed by the withholding agent in his income tax return or a penalty imposed on the w-i-t-h-h-o-l-d-i-n-g- -t-a-x agent for failure to withhold the tax.   F-i-n-a-l- -W-i-t-h-h-o-l-d-i-n-g- -T-a-x Under the f-i-n-a-l- -w-i-t-h-h-o-l-d-i-n-g- -t-a-x- -s-y-s-t-e-m, the amount of income tax withheld by the withholding agent is constituted as a…

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