- noun an act of allowing less tax to be paid
- A special provision for a firm not to pay a tax that it would otherwise owe, provided by a local, state, or national government as an inducement to invest. competition among governments, seeking to attract investment, to some extent undermines the benefits that countries might otherwise receive from FDI.
- noun a reduction in the amount of tax that has to be paid
- noun a measure that allows less tax to be paid