tax loss Meaning in the Cambridge English Dictionary

Meaning of “tax loss” in the English Dictionary

"tax loss" in Business English

See all translations

tax lossnoun [C]

uk   us  
ACCOUNTING, TAX a ​situation in which a ​company or ​investmentlosesmoney in a particular ​period, so there is no ​tax to ​pay on it, and in some ​casestaxpaid on ​profits in previous ​periods can be got back: If you make an ​investment that ​creates a ​taxloss, you can then use this ​loss to ​reclaimincometaxpaid previously.
GOVERNMENT, TAX a ​situation where the ​governmentcollects less ​tax than it would have ​normallycollected in a particular ​period: The ​fraud resulted in a ​taxloss to the ​publicpurse in ​excess of £400,000.
(Definition of tax loss from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of tax loss?
Add Cambridge dictionaries to your browser to your website

“tax loss” in Business English

Word of the Day


peaceful, quiet, and without worry

Word of the Day

Tree huggers and climate change deniers
Tree huggers and climate change deniers
by Colin McIntosh,
October 08, 2015
The climate debate is one that has predictably generated a large amount of new vocabulary, some of it originally specialized scientific terminology that has been taken up by the media and is now common currency. Some of these terms are new additions to the Cambridge English Dictionary. The two opposing sides in

Read More 

climate justice noun
climate justice noun
October 12, 2015
the holding to account of those responsible for climate change and reparation for those most affected by it I just finished reading the pope’s message to the world on climate justice.I feel energized and have joined a group of people at my church, St. Joseph University Parish, who feel the same.

Read More