tax policy

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Definitions from WordNet

Noun tax policy has 1 sense

tax program, tax policy - a program for setting taxes
--₁ is a kind of program, programme

Definitions from the Web

Tax Policy

Definition:

Tax policy refers to the principles, rules, regulations, and methods implemented by a government to determine and administer taxes within a specific jurisdiction. It encompasses the various strategies devised to manage taxation, including the calculation of tax rates, types of taxes imposed, exemptions, deductions, and incentives.

Sample Sentences:

The government implemented a new tax policy to stimulate economic growth.
The tax policy aims to distribute the tax burden fairly among citizens.
Understanding tax policy is crucial for businesses to plan their financial strategies effectively.
The proposed tax policy received criticism due to its potential impact on low-income families.

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