Drilon emphasised that such foregone revenues can be easily recouped, if not surpassed, amidst projected increases in tourist arrivals due to lower and more affordable airline fares and the expected surge in the airline industry.
What does FR stand for?
FR stands for Foregone Revenue
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of FR
We have 69 other meanings of FR in our Acronym Attic
- Flight Radar (airplane tracking application)
- Flight Recorder
- Flocculation Reaction - Sachs-Georgi Test
- Flow Rate
- Floyd Rose (inventor of the locking tremelo system, likewise named)
- Fluid Restriction (physiology)
- Force Recon
- Force Recon (gaming)
- Force Revision
Samples in periodicals archive:
The investment act would cost Oregon nothing, except for the foregone revenue from possible future tax increases affecting Nike and any other companies that qualify for agreements.
Congress could cut budget deficits by trimming any number of "tax expenditures" - foregone revenue on tax deductions for items such as home mortgages and 401(k) contributions.
In addition, achieving the renewable fuel standard would increase the federal budget outlays, mostly as a result of increased spending on grants, loans, loan guarantees, and other payments to support the development of cellulosic biofuels and foregone revenue as a result of biofuel tax credits," said NRC in a statement.
The foregone revenues on the Research and Development Tax Credit--let alone other preferential tax treatment available to for-profit businesses--exceeds the tax expenditure on credits and deductions for personal and corporate charitable donations.
The tax incentives will cost the country 8 billion ringgit in foregone revenues for state oil giant Petronas which provides almost half of all government revenues, Najib said.
A government estimate puts foregone revenue, including income tax, from REITs at PHP14 billion in the first year of the law.
The cost to them in foregone revenue would be a pittance compared to both their overall revenues and the billions in bailout dollars they've already received.