tax expenditure

  

Definition

Revenue a government foregoes through the provisions of tax laws that allow (1) deductions, exclusions, or exemptions from the taxpayers' taxable expenditure, income, or investment, (2) deferral of tax liability, or (3) preferential tax rates.

Use tax expenditure in a sentence

  • You should try to find a way to use any tax expenditure you may receive in a positive way to benefit the company.

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  • For every bit that my income increases, my tax expenditure also increases accordingly because I'm not eligible for any deductions.

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  • You should always be talking to your accountant to figure out if there are any ways that you can get a tax expenditure.

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