Meaning of “redistributive taxation” in the English Dictionary


"redistributive taxation" in Business English

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redistributive taxationnoun [ U ]

uk us

TAX, ECONOMICS, POLITICS a situation in which rich people are taxed more and poor people are taxed less, as a percentage of their incomes:

The Social Charter advocates strong unions, minimum wages, and redistributive taxation.

(Definition of “redistributive taxation” from the Cambridge Business English Dictionary © Cambridge University Press)