Definition of taxation noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//tækˈseɪʃn//
    ; NAmE NAmE//tækˈseɪʃn//
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  1. 1money that has to be paid as taxes to reduce taxation
  2. 2the system of collecting money by taxes changes in the taxation structure
  3. Word OriginMiddle English (in the sense ‘the assessment of a penalty or damages’): via Old French from Latin taxatio(n-), from taxare ‘to censure, charge’.Extra examples Any profits made are totally exempt from taxation. If the government raises direct taxation, it will lose votes. The charge was seen as just another form of taxation. The hospital was funded from taxation. The loss before taxation was $2.7 million. The party’s policy is to reduce the burden of taxation on the poor. The poll tax was a very unpopular form of taxation. They were treated as a married couple for taxation purposes. a promise to lower the overall level of taxation changes in corporate taxation increased taxation on oil companies reducing the heavy burden of taxation on the wealthy the heavy taxation on smokers and drinkers the inability to levy sufficient taxation to meet the costs of government the power to raise funds through taxation the proposal to eliminate the double taxation of dividends
See the Oxford Advanced American Dictionary entry: taxation

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