Corporate welfare

Common card · No. 369837

Corporate welfare refers to government financial assistance, subsidies, tax breaks, or other favorable policies provided to private businesses or specific industries, ostensibly to promote economic growth, job creation, or other public benefits. This support can take various forms, including tax credits, tax deductions, tax exemptions, government contracts, preferential regulatory treatment, debt write-offs, public-private partnerships, bailout programs, discount schemes, deferrals, low-interest loans or loan guarantees, direct subsidies or public grants. The definition of corporate welfare is sometimes restricted to direct government subsidies of major corporations, excluding tax loopholes and all manner of regulatory and trade decisions.

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