tax incentive (Q1271)
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Tax incentives reduce tax liabilities to promote environmentally beneficial investments and behaviours.
- tax incentives
- excise incentive
- excise incentives
- VAT incentives
- VAT incentive
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | tax incentive |
Tax incentives reduce tax liabilities to promote environmentally beneficial investments and behaviours. |
|
Statements
Tax incentives reduce tax liabilities to promote environmentally beneficial investments and behaviours. Examples include incentives that encourage lower natural resource consumption, a shift to renewable or alternative energy sources, and the development of low-carbon products and manufacturing processes. These incentives aim to support sustainable innovation and reduce environmental impact.