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What Are Tax Loopholes and What Are Their Effects

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What are tax loopholes and what are their effects?


Definitions:

Uncertainty

A situation or condition where the outcomes, reactions, or events are not predictable or are only partially predictable.

Troposphere

The lowest layer of Earth's atmosphere, where most weather phenomena occur.

Nitrous Oxide

A powerful greenhouse gas and ozone-depleting substance, emitted through agricultural practices, fossil fuel combustion, and industrial activities.

Sulphur Dioxide

A colorless gas with a sharp, choking smell, used in industry and produced by volcanoes, known for its role in acid rain and as a pollutant affecting respiratory health.

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