Definition of Tax expenditure:
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.
How to use Tax expenditure in a sentence?
- For every bit that my income increases, my tax expenditure also increases accordingly because Im not eligible for any deductions.
- You should always be talking to your accountant to figure out if there are any ways that you can get a tax expenditure .
- You should try to find a way to use any tax expenditure you may receive in a positive way to benefit the company.
Meaning of Tax expenditure & Tax expenditure Definition