Meaning of “tax-favoured” in the English Dictionary

business-english dictionary

"tax-favoured" in Business English

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tax-favouredadjective

UK US tax-favored uk us FINANCE, TAX

tax-favoured investments allow people to keep profits up to a particular limit without having to pay tax on them:

ISAs were essentially set up to allow people on lower incomes to save in a tax-favoured environment.
The measure will make it easier for employees and employers to contribute to tax-favored savings accounts.

(Definition of “tax-favoured” from the Cambridge Business English Dictionary © Cambridge University Press)