tax concession

Definitions

Accounting

  • noun an act of allowing less tax to be paid

Economics

  • 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.

Law

  • noun a reduction in the amount of tax that has to be paid

Travel

  • noun a measure that allows less tax to be paid
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