taxation Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “taxation” in the English Dictionary

"taxation" in American English

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taxationnoun [U]

 us   /tækˈseɪ·ʃən/
the ​process by which the ​government of a ​countryobtainsmoney from ​itspeople in ​order to ​pay for ​itsexpenses
(Definition of taxation from the Cambridge Academic Content Dictionary © Cambridge University Press)

"taxation" in Business English

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taxationnoun [U]

uk   us   /tækˈseɪʃən/ TAX, GOVERNMENT
the ​system of ​collectingtaxes: The ​proposalsrestrictinvestors' ​ability to ​shelter their ​assets from taxation. Reform of the country's taxation ​system is high on the Government's ​economicagenda.central/general/local taxation Britain has one of the ​highestrates of ​personal taxation in the ​world. Generally, all ​capitalgains are ​taxable unless you are exempt from taxation. In ​Europehealthcare, ​education or ​sponsorship of the arts, have largely been ​financed through ​higher rates of taxation. The ​committeeproposed a ​sweepingoverhaul of the ​taxcode last week, ​aimed at ​shifting more of the burden of taxation to the ​wealthy business/​company/​corporate taxation
money that is ​collected as ​tax: cut/reduce/raise taxation The ​bigcorporations are adamant the ​government must ​reduce taxation. excessive/​heavy taxation high/​low taxation
(Definition of taxation from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “taxation”
in Arabic النظام الضَريبي…
in Korean 조세, 과세 제도…
in Portuguese tributação…
in Catalan impostos…
in Japanese 課税, 税制…
in Chinese (Simplified) 税收制度…
in Turkish vergilendirme…
in Russian налогообложение…
in Chinese (Traditional) 稅收制度…
in Italian tassazione…
in Polish opodatkowanie…
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“taxation” in Business English

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