tax break


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Noun1.tax break - a tax deduction that is granted in order to encourage a particular type of commercial activity
deduction, tax deduction, tax write-off - a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
References in periodicals archive ?
The tax break was first enacted in the 1990s to help kick-start a fledgling industry.
COUNCILLORS are to receive an astonishing tax break for working from home - without having to prove they do any work.
50% Bonus Expensingfor Capital Investments: Large companies will lose this tax break.
LABOUR has accused David Cameron of giving Parliament misleading information over his proposals for a tax break for married couples, and demanded that he come back to the House of Commons to correct statements made during Prime Minister's Questions.
CONSERVATIVE plans to spend hundreds of millions of pounds on a tax break for married couples are "unfair", Nick Clegg has said.
Because of the size of the debt, Vodafone will continue cashing in on the tax break until 2020.
And yet, not only will the ubiquitous social network not be paying any taxes, it will be getting a huge tax break.
The Conservative general election manifesto pledged to introduce a marriage tax break, and the commitment was included in the coalition agreement.
The owner of New Hampshire Motor Speedway will get a tax break on future capital investments at the Loudon track as part of what has been dubbed a $70 million extension of the "NASCAR tax break," which is included in the deal Congress forged around New Year's to avoid going off the so-called "fiscal cliff.
No company should get a tax break for outsourcing jobs," Obama said.
Following the refurbishment of the Breakers hotel in Palm Beach, it is now seeking a tax break given for renovated historic buildings, which would be worth an estimated $600,000 over ten years.