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.

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

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

    4 people found this helpful
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/tax-expenditure.html

Have a question about tax expenditure? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z