Define: Taxation

UK Accounting Glossary

Definition: Taxation


Quick Summary of Taxation


Process of instituting a charge against a legal entity’s person, property or activity for the support of government. (For example, income taxes, sales taxes, duties and levies.)



What is the dictionary definition of Taxation?

Dictionary Definition



Full Definition of Taxation




Examples of Taxation in a sentence


One of the greatest problems facing taxation in the French agricultural sector is its lack of elasticity and ability to adapt to local conditions.
Money had to be raised by taxation, and at a meeting of the States General the Governor proposed an immediate tax of 2% on all property, a tax of 6% on transfers of real estate and a tax of 10% on the sale of all articles of commerce; the latter of the two taxes to be granted in perpetuity.
Companies have directly benefited from a low rate of taxation.



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Definition Sources


Definitions for Taxation are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th December 2018.