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Steuervorteil

tax advantage

noun SHTOY-er-for-tile Rare
People & Society Money

Also means

tax benefit

Usage Note

Steuervorteil is any legal reduction in tax burden, such as deductions, allowances or preferential rates. Homeownership and retirement savings often come with significant Steuervorteile.

Examples

"Der Steuervorteil bei der betrieblichen Altersvorsorge ist erheblich."

Natural Translation

The tax advantage with occupational pension schemes is considerable.

Literal Translation

The tax-advantage with the company retirement-provision is considerable.

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