taxation (B2)

noun

Pronunciation: /tækˈseɪʃən/

Definition

The process or system of levying, assessing, and collecting taxes.

Examples

• The new government promised to reform the country's taxation system.

• Many people complain about the burden of taxation.

• Taxation is a complex issue with significant economic and social implications.

How to Use taxation

taxation of (prepositional phrase)

The act or process of taxing a particular thing or person. — "The taxation of multinational corporations is a contentious issue."

burden of taxation (collocation)

The negative impact or difficulty caused by taxes. — "The burden of taxation can affect economic growth."

Synonyms of taxation

Words with a similar meaning to taxation:

• levy
• revenue
• imposition
• exaction

Antonyms of taxation

Words with the opposite meaning to taxation:

• exemption
• subsidy

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