Review:
Tax Incentives
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Tax incentives are government initiatives that aim to promote specific economic activities by offering tax breaks or reductions to taxpayers.
Key Features
- Promotes economic growth
- Encourages desired behavior
- Can attract businesses and investments
Pros
- Can stimulate economic development
- Encourages innovation and entrepreneurship
- Attracts foreign investments
Cons
- May lead to revenue loss for the government
- Can create inequality if not targeted effectively