Tax holiday


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Tax holiday

A reduced tax rate that a government provides as an inducement to foreign direct investment.

Tax Holiday

A temporary suspension of a tax, especially a sales tax. Jurisdictions declare tax holidays at certain times of the year on the theory that doing so will stimulate consumer spending and thereby induce economic growth. Some U.S. states routinely declare tax holidays before school begins each year, for example. Critics of tax holidays maintain that they deprive the jurisdictions of revenue and that their effect on growth is overstated.
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amp;nbsp;Despite the loss of the tax holiday, those in the Bay State still have a few options to get around paying hundreds of dollars in sales taxes:
Mississippi and South Carolina also have similar tax holidays for guns, according to the lobbying arm of the National Rifle Association, which supports the Texas proposal.
Grimaldo expects to process as many sales during the two-day tax holiday as he does in the entire two months of January and February.
The hurricane supply tax holiday is proposed to last for up to 15 days, and will include items like:
For the next five years, so much of the profits which are transferred to a Special Economic Zone reinvestment reserve account would be eligible for the tax holiday.
Hariyadi cited that the requirement in investment value of at least Rp1 trillion to be entitled to tax holiday is too high for most investors.
As part of its pre-Budget proposals submitted by the Bangladesh Textile Mills Association (BTMA) to the National Board of Revenue (NBR), the BTMA has requested the government to continue tax holiday for new textile and apparel industries that will be set up in Dhaka, Gazipur, Narayanganj, Tongi, Mymensingh and Narsingdi until 2018.
We had a tax holiday for the first 10 years in Ireland.
New York established the first sales tax holiday in 1997, when the Legislature instituted a tax-free week for clothing and shoes originally priced under $500.
Research has revealed, according to Santander Mortgages, that new purchasers have saved an estimated pounds 319 million as a result of the tax holiday which came into play in March 2010.
Under the scheme set up last year, new businesses outside of London, the South East and east of England were offered a tax holiday worth up to pounds 5,000 for each of their first 10 employees.
Congress and the White House soon will resume their fight over a Social Security payroll tax holiday, having approved a two-month extension of the one-year rollback that was scheduled to expire on Jan.