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taxation

Pronunciation: /takˈseɪʃ(ə)n/

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Definition of taxation

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'