Taxation

Pronunciation

• enPR: tăks-ā'shÉ™n, IPA: /tæksˈeɪ.ʃən/
• Rhymes: -eɪʃən

Origin

From Latin taxātĭo ("rating, appraisal")

Full definition of taxation

Noun

1. The act of imposing taxes and the fact of being taxed
• 2012, May 29, John elkington, Common threads in the Breakthrough Booklist, Some of this will be down to breakthrough science and technology, breakthrough business models and breakthroughs in behaviour change, but we also need an intensifying focus on public policy, in areas like accounting, reporting and taxation, the last spotlighted by Shaxson.
2. A particular system of taxing people or companies
3. The revenue gained from taxes