taxation Definition
- 1the levying of tax
- 2a particular system of taxing people or companies
Using taxation: Examples
Take a moment to familiarize yourself with how "taxation" can be used in various situations through the following examples!
Example
The government is considering changes to the taxation system.
Example
The taxation of cigarettes has increased significantly in recent years.
Example
Taxation without representation was one of the causes of the American Revolution.
taxation Synonyms and Antonyms
Synonyms for taxation
Phrases with taxation
taxes that are paid directly by individuals or companies to the government, such as income tax
Example
Direct taxation accounts for a significant portion of government revenue.
taxes that are included in the price of goods and services, such as value-added tax (VAT)
Example
Indirect taxation is often seen as regressive, as it affects low-income earners more than high-income earners.
a system of taxation in which the rate of tax increases as income increases, with the aim of reducing income inequality
Example
Many countries have introduced progressive taxation systems in order to address income inequality.
Summary: taxation in Brief
The term 'taxation' [tækˈseɪʃən] refers to the levying of tax, including a particular system of taxing people or companies. It encompasses direct taxation, where individuals or companies pay taxes directly to the government, and indirect taxation, where taxes are included in the price of goods and services. Progressive taxation is a system where the rate of tax increases as income increases, with the aim of reducing income inequality.
