“Tax expenditure” is a term used across countries, and there's generally an understanding that essentially it's just an estimate of the revenues foregone as a result of having this measure in the income tax system.
January 31st, 2012 / 4:05 p.m.
Director, Personal Income Tax Division, Tax Policy Branch, Department of Finance
“Tax expenditure” is a term used across countries, and there's generally an understanding that essentially it's just an estimate of the revenues foregone as a result of having this measure in the income tax system.
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