What term is used when tax laws give preferential treatment to specific types of behaviour
A)tax evasion
B)a political payoff
C)a tax loophole
D)compensation for the benefit of society

Question

Quizplus · Accepted Answer

Tax laws that give preferential treatment to specific types of behavior are commonly referred to as tax loopholes. These loopholes are often used to incentivize certain economic activities or social goals, such as encouraging investment in renewable energy or providing tax breaks for first-time homebuyers. While these loopholes can be beneficial in some cases, they can also be abused by individuals or corporations seeking to reduce their tax liability.

What Term Is Used When Tax Laws Give Preferential Treatment