Because the fee is treated as a production cost and is taxdeductable, firms are willing to pay the fees just as a means of reducing their tax liability.
From theCambridge English Corpus
That does not add up to £32 million, but the extra is accounted for by taxation which isdeductable.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Indirect taxes are charges which aredeductablein assessing profits.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
In any other undertaking, the cost of raw materials isdeductablebefore tax.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
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