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any reduction in government revenue through preferential tax treatment, as deductions or credits.


Read Also:

  • Taxflation

    noun 1. bracket creep.

  • Tax-free

    adjective 1. tax-exempt (def 1). adjective 1. not needing to have tax paid on it: tax-free savings schemes

  • Taxgatherer

    noun 1. a person who collects taxes.

  • Tax-haven

    noun 1. a foreign country or corporation used to avoid or reduce income taxes, especially by investors from another country. noun 1. a country or state having a lower rate of taxation than elsewhere tax haven definition A place that levies very low taxes or none at all on foreigners. Note: Monaco and various small […]

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