When tax laws give preferential treatment to specific types of behaviour, it is called:
A)tax evasion
B)a political pay-off
C)a tax loophole
D)compensation for the benefit of society

Question

Quizplus · Accepted Answer

Preferential treatment given to specific types of behavior in tax laws is called a tax loophole. This can create unfair advantages for certain individuals or corporations and can lead to a loss of revenue for the government. Tax loopholes are often exploited by taxpayers and can result in tax evasion if not properly regulated.

When Tax Laws Give Preferential Treatment to Specific Types of Behaviour