Taxation: meaning, definitions and examples
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taxation
[ tækˈseɪʃən ]
government revenue
Taxation refers to the process by which a government collects money from its citizens to fund public services and infrastructure. It involves the imposition of a financial charge or levy on individuals and businesses based on their income, profits, or sales. Taxes can be direct, such as income tax, or indirect, like sales tax. Taxation serves as an essential function for government operations, enabling the financing of essential services such as education, healthcare, and transportation. Additionally, taxation policies can influence economic behavior and social equity within a society.
Synonyms
Examples of usage
- The government's taxation policies are often debated in public forums.
- Taxation ensures that essential services are funded.
- Many citizens are concerned about the impact of high taxation.
- Taxation can affect consumer spending and investment decisions.
Translations
Translations of the word "taxation" in other languages:
🇵🇹 tributação
🇮🇳 कराधान
🇩🇪 Besteuerung
🇮🇩 perpajakan
🇺🇦 оподаткування
🇵🇱 opodatkowanie
🇯🇵 課税
🇫🇷 imposition
🇪🇸 imposición
🇹🇷 vergilendirme
🇰🇷 세금 부과
🇸🇦 الضرائب
🇨🇿 zdanění
🇸🇰 zdanenie
🇨🇳 税收
🇸🇮 obdavčitev
🇮🇸 skattlagning
🇰🇿 салық салу
🇬🇪 ბიუჯეტის სექრეტარობა
🇦🇿 vergiləndirmə
🇲🇽 imposición
Etymology
The word 'taxation' originates from the Latin word 'taxare', meaning 'to assess or rate'. This term evolved through Middle French, which used 'taxation' in a similar context, relating to the assessment of taxes owed. The concept of taxation has been present since ancient civilizations, where rulers levied taxes to support their empires and armies. As societies evolved, so did the complexity of tax systems, leading to the establishment of formalized tax codes and regulations. Over centuries, taxation has become a significant aspect of economic and social structures, essential for governance and public welfare in modern states.