Tax holiday
From Wikipedia, the free encyclopedia
A tax holiday is a temporary reduction or elimination of a tax. Governments usually create tax holidays as incentives for business investment. The taxes that are most commonly reduced by national and local governments are sales taxes. In developing countries, governments sometimes reduce or eliminate corporate taxes for the purpose of attracting FDI or stimulating growth in selected industries.
[edit] See also
- Tax competition
- Tax exemption
- State sales tax in the U.S.
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