Immunity and impunity are almost synonyms, but they are not always interchangeable.
Immunity is a broad term relating to protection from or exemption from something, especially an obligation or penalty.
For example: In US law, a witness who has been granted immunity, but refuses to offer testimony may be held in contempt of the court.
Impunity has a narrower definition that refers explicitly to exemption from punishment or freedom from the injurious consequences of an action.
For example: Today it seems that the Internet is a place where hackers can break into computers with relative impunity.
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