tax incentive - Meaning, Image, Examples & Etymology - Learn English Visually

a reduction in taxes offered by the government to encourage certain activities or behaviors, such as investment in renewable energy or business expansion.

Meanings

a reduction in taxes offered by the government to encourage certain activities or behaviors, such as investment in renewable energy or business expansion.

The government introduced a tax incentive to promote the use of electric vehicles.

Synonyms

tax break tax relief tax deduction

Antonyms

tax penaltytax increase

a financial advantage given to businesses or individuals to stimulate economic growth or development in a specific area.

The city offered tax incentives to attract new businesses to the downtown area.

Synonyms

fiscal incentiveeconomic incentive

Antonyms

financial disincentive

Examples

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Last updated: 2025/01/11 11:58