Taxation
/tækˈseɪʃən/
Definitions
- (n.) The process by which a government imposes financial charges on individuals or entities to fund public services.
The government increased taxation to support public infrastructure projects.
Related terms
Commentary
Taxation terms often require precision to distinguish between types of taxes and their applicable laws.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.