Which of the following describes a situation where tax laws give preferential treatment to specific types of behavior?
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 known as tax loopholes. These loopholes can be used by individuals, businesses, or organizations to reduce their tax obligations. This may include deductions for charitable contributions, tax credits for energy-saving investments, or special tax breaks for certain types of investments. While these loopholes are legal, they can be controversial because they allow some taxpayers to pay less in taxes than others, which can be seen as unfair.

Which of the Following Describes a Situation Where Tax Laws