| 单词 | tax holiday |
| 释义 | tax holiday A limited period of tax-free operation, or of specially reduced taxation. This may be used to induce foreign firms to invest in a country, or domestic firms to invest in an industry or area which the government especially wishes to encourage. A tax holiday scheme may be very expensive in terms of lost revenue if firms which take advantage of it would have invested in any case even without it. |
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