reduction of tax
1tax relief — noun The cancelling of part of the income tax due • • • Main Entry: ↑tax * * * tax relief UK US noun [uncountable] a reduction in tax that you are allowed for a particular reason Thesaurus: relating to tax and taxationhyponym * * * ˈtax relief …
2tax benefit doctrine — n. The principle that if a loss was suffered in a previous year and taken as an income reduction for tax purposes, and an insurance reimbursement for that loss is received in the current year, that reimbursement must be counted as part of gross… …
3tax subsidy — ➔ subsidy * * * tax subsidy UK US noun [C or U] TAX, GOVERNMENT, ECONOMICS ► a reduction in tax in order to reduce the cost of producing food, a product, etc. and to help to keep its price low: tax subsidies to sb/sth »Environmentalists have… …
4tax incentive — tax in,centive noun count a reduction in tax made in order to encourage people to do a particular thing …
5tax relief — tax re,lief noun uncount a reduction in tax that you are allowed for a particular reason …
6Tax credit — The term tax credit describes two different concepts:*The first is a recognition of partial payment already made towards taxes due. *The second is a state benefit paid to employees through the tax system, which has the effect of increasing… …
7tax credit — A direct dollar for dollar reduction in tax allowed for expenses such as child care and R&D for building low income housing. Compare tax deduction. Bloomberg Financial Dictionary Additional amount on dividends paid by a company resident in France …
8tax credit — noun a direct reduction in tax liability (not dependent on the taxpayer s tax bracket) • Hypernyms: ↑decrease, ↑diminution, ↑reduction, ↑step down …
9tax avoidance — The minimization of one s tax liability by taking advantage of legally available tax planning opportunities. Tax avoidance may be contrasted with tax evasion which entails the reduction of tax liability by using illegal means Compare tax evasion …
10tax relief — UK / US noun [uncountable] a reduction in tax that you are allowed for a particular reason …
