Tax policies refer to rules and regulations set by the government regarding how taxes are levied (imposed) on individuals, businesses, or other entities. These policies determine tax rates, deductions, exemptions, credits, etc.
Related terms
Tax Rates: The percentage at which income, property, or goods are taxed based on a predetermined scale.
Deductions: Expenses that can be subtracted from taxable income to reduce the amount of tax owed.
Tax Incentives: Special provisions in the tax code that provide benefits or advantages to certain individuals or businesses to encourage specific behaviors or investments.