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- Dictionarytax·a·tion/takˈsāSH(ə)n/
noun
- 1. the levying of tax: "the progressive nature of taxation"
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Jun 30, 2024 · Taxation refers to the act of levying or imposing a tax by a taxing authority. Taxes include income, capital gains, or estate.
Jun 28, 2024 · taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well.
May 23, 2024 · Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national. Tax revenues finance government...
Definition of Taxation (because, let’s get our terms straight!): “Taxation is the act of levying a tax. It is the process or means by which the sovereign, through its law-making body, raises revenue to defray the necessary expenses of the government.” Unpacking The Jargon: Taxation 101. 1. “The act of levying a tax”:
Income tax for individuals. Citizens of the Philippines and resident aliens must pay taxes for all income they have derived from various sources, which include, but are not limited to: Compensation and self-employment income.
Taxation. A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to collectively fund government spending, public expenditures, or as a way to regulate and reduce negative externalities. [1]
the process by which the government of a country obtains money from its people in order to pay for its expenses. (Definition of taxation from the Cambridge Academic Content Dictionary © Cambridge University Press) taxation | Business English. noun [ U ]
The meaning of TAXATION is the action of taxing; especially : the imposition of taxes. How to use taxation in a sentence.
Taxation is how a government collects money ( taxes) in order to financially support itself. Governments use the money collected from citizens to pay for welfare programs, the military, roads and bridges, government employees, science programs, public schools, and the many other services a government is responsible for.
the process by which the government of a country obtains money from its people in order to pay for its expenses. (Definition of taxation from the Cambridge Academic Content Dictionary © Cambridge University Press) taxation | Business English. noun [ U ]
