taxation

 
Pronunciation: /takˈseɪʃ(ə)n/

noun

[mass noun]
  • the levying of tax: the progressive nature of taxation [as modifier]: a taxation system
  • money paid as tax: direct taxation was low it should be financed out of taxation

Origin:

Middle English (in the sense 'the assessment of a penalty or damages'; compare with tax): via Old French from Latin taxatio(n-), from taxare 'to censure, charge'