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From Longman Business Dictionarytax lossˈtax loss [countable]ACCOUNTINGTAX a loss made deliberately by a business to avoid paying tax on profits, usually by bringing forward capital spending to use up profits at the end of the tax yearHe pleaded guilty to helping create fraudulent tax losses. → loss
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May 08, 2025

paintbrush
noun ˈpeɪntbrʌʃ
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