Distinguish between make decision and buy decisions of a firm how you manage tax in both the situations?

Make decisions involve a firm producing goods or services internally, while buy decisions entail purchasing them from external sources. In managing taxes, firms can capitalize on tax deductions for production costs in make decisions, potentially benefiting from investment credits. Conversely, in buy decisions, firms may negotiate purchase agreements that account for sales tax implications and explore tax-efficient sourcing strategies. Both scenariOS require careful tax planning to optimize the overall tax liability.