tax breaknoun [ C ]
uk/ˈtæks ˌbreɪk/us/ˈtæks ˌbreɪk/a change in the law that results in the opportunity to pay less in taxes:
With this change, high-income people will get a tax break.
Thesaurus: synonyms and related words
Taxation
- capital gains tax
- capitation
- chargeable
- corporation tax
- custom
- indirect tax
- inheritance tax
- levy
- National Insurance
- octroi
- rateable value
- tax allowance
- tax avoidance
- tax credit
- tax exile
- tax-deductible
- tax-exempt
- VATable
- welfare state
- withholding tax
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