tax-favoured Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “tax-favoured” in the English Dictionary

"tax-favoured" in Business English

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tax-favouredadjective

UK ( US tax-favored) uk   us   FINANCE, TAX
tax-favoured ​investmentsallowpeople to ​keepprofits up to a particular ​limit without having to ​paytax on them: ISAs were essentially set up to ​allowpeople on ​lowerincomes to ​save in a tax-favoured ​environment. The ​measure will make it easier for ​employees and ​employers to ​contribute to tax-favored ​savingsaccounts.
(Definition of tax-favoured from the Cambridge Business English Dictionary © Cambridge University Press)
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