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Why does inflation induce tax distortions?a)Tax rates become unpredictable during inflation.b)Inflation reduces the overall tax revenue for the government.c)Tax laws often fail to consider the effects of inflation.d)Inflation leads to higher income for individuals, affecting their tax liability.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Why does inflation induce tax distortions?a)Tax rates become unpredictable during inflation.b)Inflation reduces the overall tax revenue for the government.c)Tax laws often fail to consider the effects of inflation.d)Inflation leads to higher income for individuals, affecting their tax liability.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why does inflation induce tax distortions?a)Tax rates become unpredictable during inflation.b)Inflation reduces the overall tax revenue for the government.c)Tax laws often fail to consider the effects of inflation.d)Inflation leads to higher income for individuals, affecting their tax liability.Correct answer is option 'C'. Can you explain this answer?.

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