Taxation is the system by which a government takes money from people and spends it on things such as education, health, and defence.
2. uncountable noun
Taxation is the amount of money that people have to pay in taxes.
The result will be higher taxation.
taxation in British English
(tækˈseɪʃən)
noun
1.
the act or principle of levying taxes or the condition of being taxed
2.
a.
an amount assessed as tax
b.
a tax rate
3.
revenue from taxes
Derived forms
taxational (taxˈational)
adjective
taxation in American English
(tækˈseɪʃən)
noun
1.
a taxing or being taxed
2.
a tax or tax levy
3.
revenue from taxes
Word origin
ME taxacion < MFr taxation < L taxatio < pp. of taxare: see tax
taxation in Accounting
(tækseɪʃən)
noun
(Accounting: Tax)
Taxation is the system by which a government takes money from people and organizations and spends it on things such as education, health, and defense.
The plan would allow individuals to exclude from taxation 30 percent of their gain from the sale or exchange of long-held assets.
Individuals can exclude from taxation 30 percent of their gain from the sale or exchange of a variety of assets held formore than a year.
Taxation is the system by which a government takes money from people and organizations andspends it on things such as education, health, and defense.
Examples of 'taxation' in a sentence
taxation
Extra taxation may be a pain, but so too is earning 0.01 per cent on your cash.
Times, Sunday Times (2016)
What is astonishing is that the taxation system is allowed to support this situation.
Times, Sunday Times (2012)
Under the new deal they will be paid for from general taxation rather than additions to bills.
The Sun (2013)
How much indirect taxation you pay depends on how you spend your money.
The Sun (2012)
This is a matter of education not taxation.
The Sun (2013)
They are important in setting the direction of taxation and the economy.
Times, Sunday Times (2012)
What aspect of the taxation system would you change?
Times, Sunday Times (2007)
This would lead to it being seen as another form of general taxation.
The Sun (2009)
An economy overloaded with taxation will not fly.
Times, Sunday Times (2006)
The unjust system of taxation underlined huge disparities in wealth.
Deborah Cadbury THE LOST KING OF FRANCE: Revolution, Revenge and the Search for Louis XVII (2002)
There is a strong case for arts subsidies out of general taxation.
Times, Sunday Times (2015)
The property taxation system would need a complete overhaul.
Times, Sunday Times (2015)
That is why we support education from general taxation.
Times, Sunday Times (2014)
It will need both spending and taxation if this country is to get out of this colossal debt.
Times, Sunday Times (2009)
Support from the landed classes was maintained only by an impossibly complex and grossly unfair system of taxation.
Frank Welsh THE FOUR NATIONS: A History of the United Kingdom (2002)
The reductions follow a government move to transfer the cost of some social and green measures from bills to general taxation.
Times, Sunday Times (2014)
Government debt can always be repaid, because only governments have the coercive power of taxation.
Times, Sunday Times (2012)
The changes to non-dom taxation may seem only fair.
Times, Sunday Times (2009)
But it is their views on benefits and taxation that may surprise some on the Left.
Times, Sunday Times (2013)
It will also examine clinical interventions, financial measures such as taxation and education.
Times, Sunday Times (2012)
This means not adding charges for green energy policies onto people's bills but funding projects through general taxation.
Times, Sunday Times (2015)
Taxation may play a part.
Times, Sunday Times (2010)
Could Britain take the lead and champion the first steps towards a form of taxation that may radically transform the relationship between rich and poor?
Times, Sunday Times (2010)
The balance has to come from taxation, government borrowing, pay freezes or job cuts.
Times, Sunday Times (2012)
Government taxation and regulation, indeed, often interfered with economic growth.
Stearns, Peter N. World History: Patterns of Change and Continuity (1995)
In other languages
taxation
British English: taxation NOUN
Taxation is when a government takes money from people and spends it on things such as education, health, and defence.
...the proposed reforms to taxation.
American English: taxation
Brazilian Portuguese: tributação
Chinese: 税制
European Spanish: impuestos
French: impôts
German: Besteuerung
Italian: tassazione
Japanese: 税制
Korean: 과세
European Portuguese: tributação
Latin American Spanish: impuestos
All related terms of 'taxation'
direct taxation
Direct taxation is a system in which a government raises money by means of direct taxes .
indirect taxation
Indirect taxation is a system in which a government raises money by means of indirect taxes .
punitive taxation
a form of taxation that is very severe and that people find very difficult to pay
double taxation agreement
an agreement between two countries that lessens the tax burden on citizens of each country living in the other
taxation without representation
a phrase, generally attributed to James Otis about 1761, that reflected the resentment of American colonists at being taxed by a British Parliament to which they elected no representatives and became an anti-British slogan before the American Revolution ; in full, “ Taxation without representation is tyranny ”