taxation

[tak-sey-shuhn]

noun

1. the act of taxing. tax.

2. the fact of being taxed.

3. a tax imposed.

4. the revenue raised by taxes. taxis. tax.

taxation

/ tækˈseɪʃən /

noun

1. the act or principle of levying taxes or the condition of being taxed

2. 1. an amount assessed as tax

   2. a tax rate

3. revenue from taxes

taxation

1. A government's practice of collecting money from citizens and businesses within its domain to support its operations.

Other Word Forms

• taxational adjective
• antitaxation adjective
• nontaxation noun
• protaxation adjective
• retaxation noun
• self-taxation noun

Word History and Origins

Origin of taxation¹

1250–1300; < Medieval Latin taxātiōn- (stem of taxātiō ) an appraising ( tax, -ation ); replacing Middle English taxacioun < Anglo-French < Medieval Latin, as above

Example Sentences

Aberdeen and Grampian Chamber of Commerce chief executive Russell Borthwick said the UK government had been "warned time and again" that taxation on the energy sector would put jobs at risk.

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Slowing productivity growth, together with growing government obligations, could force policymakers to make difficult decisions around taxation, public spending, and entitlement outlays, Vanguard’s Schickling says.

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But this detection has come as a blow to a sector beleaguered by costs, incoming taxation changes, and other disease threats.

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Businesses in Surrey have given mixed reactions to Chancellor Rachel Reeves' budget, which outlined spending and taxation plans for the years ahead.

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But environmental campaigners welcomed Reeves' decision on North Sea taxation.

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Related Words

• duty 
• tariff 
• tax 
• tax collection www.thesaurus.com

When To Use

What is taxation?

Taxation is the act of making people and organizations pay taxes.Taxation is how a government collects money (taxes) in order to financially support itself. Governments use the money collected from citizens to pay for welfare programs, the military, roads and bridges, government employees, science programs, public schools, and the many other services a government is responsible for. Almost every country on Earth has some form of taxation system.Taxation is not voluntary, even if the taxpayer doesn’t directly benefit from the tax they pay. You cannot refuse to pay taxes without consequences. In most countries, you will be jailed or suffer another punishment for not paying taxes.