taxation Hear it!

taxation Definition

taxa·tion (tak sā′s̸hən)

noun

  1. a taxing or being taxed
  2. a tax or tax levy
  3. revenue from taxes

Etymology: ME taxacion < MFr taxation < L taxatio < pp. of taxare: see tax

taxation Synonyms

taxation

n.

laying taxes, imposing taxes, tax collection, levying, assessment, money-gathering; see also dues, tax 1.

taxation Usage Examples

Preposition: of

  • trust: There are also improvements made to the taxation of trusts for the vulnerable.
  • pension: As announced in the November 2002 Pre-Budget Report, proposals for the radical reform of the taxation of pensions have been published.

Converse of object

  • hypothecate: It could possibly be hypothecated taxation from spectrum receipts.
  • harmonize: Some say Europe should harmonize taxation and move toward a super state.
  • evade: The armorial offender in Scotland is accordingly viewed with the same stern and unromantic outlook which meets any other culprit caught evading national taxation.
  • modernize: Trusts Draft legislation has already been published on modernizing the taxation of trusts - often set up by grandparents for grandchildren.
  • impose: The Wilson government gave in to the miners and began to impose higher taxation on the wealthy.

Adjective modifier

  • pass-through: Pass-through taxation allows the income or loss generated by the business to be reflected on the personal income tax return of the owners.
  • deferred: Neither the charge for deferred taxation nor the provision will impact upon the future cash flows of the group.
  • indirect: The answer is for a massive shift to indirect taxation.
  • redistributive: The 1945 government was the apotheosis of bureaucratic socialism, founded on the principles of collectivism, central economic planning, and redistributive taxation.
  • progressive: Council Tax Liberal Democrats believe in fair, progressive taxation based on the ability to pay.
  • double: Even worse, in some circumstances, double taxation may arise.

Modifies a noun

  • treaty: Companies will also benefit from the double taxation treaties signed by Portugal.
  • agreement: The position depends also on the terms of any double taxation agreement in force.
  • relief: Principles of international double taxation relief: OECD and UN model double taxation treaties.
  • regime: April 2006 ( 'A ' day ) will see the introduction of the new taxation regime for pensions.
  • implication: Contact Mike Edge Joint Ventures Specialist advice on joint venturing in property transactions, advising on vehicle structuring, asset management and taxation implications.

Noun used with modifier

  • tobacco: This paper gives views on tobacco taxation in advance of the forthcoming Budget.
  • land: The writer goes on to praise land value taxation.
taxation Quotes

The spirit that now resists your taxation in America is†the same spirit that established the great fundamental, essential maxim of your libertiesöthat no subject of England shall betaxed but byhis ownconsent. The glorious spirit of Whiggismanimates three million in America, who prefer poverty with liberty to gilded chains and sordid affluence; and who will die in defence of their rights as men, as free men.

—Pitt,William, 1st Earl of Chatham known as  the Elder

Taxation without representation is tyranny.

—Otis,James