A tax incentive is a government measure that is intended to encourage individuals and businesses to spend money or to save money by reducing the amount of tax that they have to pay.
...a new tax incentive to encourage the importation of manufactured products.
tax incentive in British English
(tæks ɪnˈsɛntɪv)
noun
tax, politics
a reduction made by the government in the amount of tax that a particular group of people or type of organization has to pay or a change in the tax system that benefits those people
Massive subsidies and tax incentives were given to encourage the formation of giantindustrial complexes.
Examples of 'tax incentive' in a sentence
tax incentive
He is lobbying government to introduce tax incentives to encourage donations.
Times, Sunday Times (2011)
Massive tax incentives encouraged people to invest.
Times, Sunday Times (2010)
It will mean governments extending tax incentives on saving to reduce the burden on the taxpayer in years to come.
Times, Sunday Times (2014)
The Government is offering tax incentives to lure companies to the official exchange.
Times, Sunday Times (2006)
There's talk of extra tax incentives for people who give to the arts and other charities.
Times, Sunday Times (2010)
But most people in the arts world argue that donors' attitudes will not change without stronger tax incentives for lifetime giving and long-term endowments in particular.