English version

investment tax credit

From Longman Business Dictionary
Related topics: Tax
investment tax creditinˌvestment ˈtax ˌcredit [countable, uncountable] TAXin the US, a reduction in the tax that companies pay on their profits if they invest in certain types of equipment. This credit has been introduced and ended several timesAn investment tax credit would encourage more investment, thereby creating more jobs. credit
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