That is the simplistic definition, not even the full OED or Webster's entry, rather than the accepted one in economics and by the international community. WTO

That is the simplistic definition, not even the full OED or Webster's entry, rather than the accepted one in economics and by the international community. WTO definition of subsidies includes "government revenue that is otherwise due, foregone or not collected (e.g. fiscal incentives such as tax credits)". Pdf: http://www.wto.org/english/docs_e/legal_e/24-scm.pdf http://www.wto.org/english/docs_e/legal_e/24-scm.pdf The EU considered the UK's reduction in fuel tax as a subsidy.