taxation

noun
tax·​a·​tion | \ tak-ˈsā-shən How to pronounce taxation (audio) \

Definition of taxation

1 : the action of taxing especially : the imposition of taxes
2 : revenue obtained from taxes
3 : the amount assessed as a tax

Examples of taxation in a Sentence

the federal right of taxation
Recent Examples on the Web Finance officials from more than 130 countries convened online Wednesday to resume negotiations over how best to make sure multinational companies don't avoid taxation by shifting their activities and profits among countries. David Mchugh, ajc, "Debate heats up over how countries tax Big Tech companies," 27 Jan. 2021 Uniform national taxation didn’t happen until 1942, a year of war, and it was intended to be only a temporary loss for the states. New York Times, "Australia’s States Are Feuding Like Siblings. What Else to Do but Laugh?," 14 Jan. 2021 The coronavirus pandemic has only put a sharper edge on the issue of digital taxation. David Mchugh, ajc, "Debate heats up over how countries tax Big Tech companies," 27 Jan. 2021 Those are no longer covered by EU directives allowing tax-free repatriation of dividend, license and other payments, which means that companies must resort to contracts between the U.K. and the bloc’s member states on double taxation. Nina Trentmann, WSJ, "Will Brexit Lead to Higher Funding Costs? Companies Aren’t Sure," 25 Jan. 2021 Amid calls to slow its rate of taxation, the Oak Park District 97 school board unanimously approved a maximum tax levy for the 2020 tax year. Steve Schering, chicagotribune.com, "Oak Park District 97 adopts maximum tax levy, cites need to be ‘strong fiscal stewards’," 17 Dec. 2020 The delay may strain the fragile truce in a trade dispute sparked by the issue of digital taxation. William Horobin, Bloomberg.com, "Tech-Giant Tax Negotiations Stumble, Raising Risk of Trade Clash," 12 Oct. 2020 The lower tax rate helps all companies by reducing the double taxation of capital in the form of the taxes on corporate income and dividends. The Editorial Board, WSJ, "The Martini Lunch Tax Code," 21 Dec. 2020 Please consult your tax advisor regarding the taxation of your award since special rules may apply. CNN, "CNN Heroes Legal Disclosures 2021," 10 Dec. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'taxation.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of taxation

14th century, in the meaning defined at sense 1

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Time Traveler for taxation

Time Traveler

The first known use of taxation was in the 14th century

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Statistics for taxation

Last Updated

21 Feb 2021

Cite this Entry

“Taxation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/taxation. Accessed 28 Feb. 2021.

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More Definitions for taxation

taxation

noun

English Language Learners Definition of taxation

: the action, process, or system of taxing people or things

taxation

noun
tax·​a·​tion | \ tak-ˈsā-shən How to pronounce taxation (audio) \

Kids Definition of taxation

1 : the action of taxing
2 : money gotten from taxes

taxation

noun
tax·​a·​tion

Legal Definition of taxation

1 : the action of taxing: as
a : the imposition of taxes
b : the judicial determination of costs
2a : revenue obtained from taxes
b : the amount assessed as a tax
3 : a particular system of taxing progressive taxation

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More from Merriam-Webster on taxation

Nglish: Translation of taxation for Spanish Speakers

Britannica English: Translation of taxation for Arabic Speakers

Britannica.com: Encyclopedia article about taxation

Comments on taxation

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