taxation
n. imposition of tariffs or levies, collection of taxes | ||||
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Taxation definition was found in categories: Language, Idioms & Slang(5) Business & Finance(1) Government(1) Social Science(1) Encyclopedia(1)
Taxation Definition from Language, Idioms & Slang Dictionaries & Glossaries
| Webster's Revised Unabridged Dictionary (1913) |
Taxation
(n.)
The act of taxing, or assessing a bill of cost.
(n.)
The act of laying a tax, or of imposing taxes, as on the subjects of a state, by government, or on the members of a corporation or company, by the proper authority; the raising of revenue; also, a system of raising revenue.
(n.)
Tax; sum imposed.
(n.)
Charge; accusation.
(n.)
The act of taxing, or assessing a bill of cost.
(n.)
The act of laying a tax, or of imposing taxes, as on the subjects of a state, by government, or on the members of a corporation or company, by the proper authority; the raising of revenue; also, a system of raising revenue.
(n.)
Tax; sum imposed.
(n.)
Charge; accusation.
| WordNet 2.0 |
taxation
Noun
1. charge against a citizen's person or property or activity for the support of government
(synonym) tax, revenue enhancement
(hypernym) levy
(hyponym) single tax
(derivation) tax
(class) deductible
2. government income due to taxation
(synonym) tax income, tax revenue, revenue
(hypernym) government income, government revenue
(hyponym) internal revenue
(derivation) tax
3. the imposition of taxes; the practice of the government in levying taxes on the subjects of a state
(hypernym) imposition, infliction
(derivation) tax
Noun
1. charge against a citizen's person or property or activity for the support of government
(synonym) tax, revenue enhancement
(hypernym) levy
(hyponym) single tax
(derivation) tax
(class) deductible
2. government income due to taxation
(synonym) tax income, tax revenue, revenue
(hypernym) government income, government revenue
(hyponym) internal revenue
(derivation) tax
3. the imposition of taxes; the practice of the government in levying taxes on the subjects of a state
(hypernym) imposition, infliction
(derivation) tax
| Shakespeare Words |
TAXATION
satire, sarcasm
satire, sarcasm
| hEnglish - advanced version |
taxation
taxation
\tax*a"tion\ (?), n. [f. taxation, l. taxatio a valuing, estimation, from l. taxare. see tax.]
1. the act of laying a tax, or of imposing taxes, as on the subjects of a state, by government, or on the members of a corporation or company, by the proper authority; the raising of revenue; also, a system of raising revenue.
2. (law) the act of taxing, or assessing a bill of cost.
3. tax; sum imposed. [r.]
4. charge; accusation. [obs.]
taxation
n
1. charge against a citizen's person or property or activity for the support of government [syn: tax, revenue enhancement ]
2. government income due to taxation [syn: tax income, tax revenue , revenue]
taxation
\tax*a"tion\ (?), n. [f. taxation, l. taxatio a valuing, estimation, from l. taxare. see tax.]
1. the act of laying a tax, or of imposing taxes, as on the subjects of a state, by government, or on the members of a corporation or company, by the proper authority; the raising of revenue; also, a system of raising revenue.
2. (law) the act of taxing, or assessing a bill of cost.
3. tax; sum imposed. [r.]
4. charge; accusation. [obs.]
taxation
n
1. charge against a citizen's person or property or activity for the support of government [syn: tax, revenue enhancement ]
2. government income due to taxation [syn: tax income, tax revenue , revenue]
| for Vocabulary Exams of KPDS, YDS,UDS (in Turkey); and SAT in America |
taxation
A levy, by government, of a fixed contribution
A levy, by government, of a fixed contribution
Taxation Definition from Business & Finance Dictionaries & Glossaries
| BASSAM Trade, Real Estate, Mortgage, Fund,Invest, Insurance,& Tax,Terms/abbreviations/defin. |
TAXATION
The process by which a government or municipal quasi-public body raises monies to fund its operation.
The process by which a government or municipal quasi-public body raises monies to fund its operation.
Taxation Definition from Government Dictionaries & Glossaries
| EU English Glossary |
Taxation
Despite the introduction of a single market and economic and monetary union, there is still no genuine Community policy on taxation. Specific provisions are laid down in Articles 90 to 93 of the EC Treaty (former Articles 95 to 99), but the decision-making procedure for taxation requires a unanimous vote in the Council. Up to now this has acted as a brake on the adoption of common rules for direct and indirect taxation.
In order to avoid these obstacles, the Commission now encourages the use of the "closer cooperation" procedure introduced by the Treaty of Amsterdam and developed by the Treaty of Nice. This procedure enables the Commission to propose that a group of at least eight Member States may cooperate on a given matter after receiving the approval of the Council acting by qualified majority. It also encourages the Member States to adopt recommendations aimed at eliminating harmful tax obstacles, rather than binding legislative proposals.
Border controls on VAT were abolished with the introduction of the single market in 1993. Today, products are taxed in the country of purchase but eventually, when the final VAT system has been decided by the Council, they will be taxed in the country of origin. Furthermore, VAT and excise rates have been brought into closer alignment in the different Member States.
The adoption of the single currency is making it increasingly urgent to establish truly common rates of VAT and common rules for corporate taxation in the European Union. A code of conduct on business taxation ("tax package") was adopted by the Council in December 1997. Various Commission proposals are currently being scrutinised by the Council, notably on relations between associated companies, taxation of cross-border savings and a common VAT system.
See:
•Closer cooperation
•Council of the European Union
•Customs Union
•Economic and monetary union (EMU)
•European Commission
Despite the introduction of a single market and economic and monetary union, there is still no genuine Community policy on taxation. Specific provisions are laid down in Articles 90 to 93 of the EC Treaty (former Articles 95 to 99), but the decision-making procedure for taxation requires a unanimous vote in the Council. Up to now this has acted as a brake on the adoption of common rules for direct and indirect taxation.
In order to avoid these obstacles, the Commission now encourages the use of the "closer cooperation" procedure introduced by the Treaty of Amsterdam and developed by the Treaty of Nice. This procedure enables the Commission to propose that a group of at least eight Member States may cooperate on a given matter after receiving the approval of the Council acting by qualified majority. It also encourages the Member States to adopt recommendations aimed at eliminating harmful tax obstacles, rather than binding legislative proposals.
Border controls on VAT were abolished with the introduction of the single market in 1993. Today, products are taxed in the country of purchase but eventually, when the final VAT system has been decided by the Council, they will be taxed in the country of origin. Furthermore, VAT and excise rates have been brought into closer alignment in the different Member States.
The adoption of the single currency is making it increasingly urgent to establish truly common rates of VAT and common rules for corporate taxation in the European Union. A code of conduct on business taxation ("tax package") was adopted by the Council in December 1997. Various Commission proposals are currently being scrutinised by the Council, notably on relations between associated companies, taxation of cross-border savings and a common VAT system.
See:
•Closer cooperation
•Council of the European Union
•Customs Union
•Economic and monetary union (EMU)
•European Commission
| A Glossary of Political Economy Terms |
Tax, taxation
A compulsory transfer of money (or occasionally of goods or services) from private individuals, institutions or groups to the state. The amount and timing of the levy exacted from the individual taxpayer may be determined on the basis of any of a very large number of factors, but historically the most common sorts of tax have been levied based on the wealth or the income or some other characteristic of the particular taxpayer at a given time ("direct taxes" like income tax, social security tax, real property tax, estate tax, poll tax, business or professional license fees) or as some form of compulsory surcharge on one or more types of private trade or other voluntary transactions ("indirect taxes" like general sales taxes, specialized excise taxes, import tariffs, marriage licenses, and so on). In addition to the obvious function of raising revenue to finance government purchases of goods and services or income transfer programs, taxation may also be used deliberately as a policy instrument by which government seeks to influence the behavior of various segments of the citizenry by raising the costs of choosing to engage in the kinds of behavior on which taxes are imposed -- the classic examples being "sin" taxes to discourage consumption of tobacco and alcohol or protective import tariffs imposed to discourage the purchase of foreign-made products. (Of course, all forms of taxation will have an impact on the incentives facing the citizenry and thus will affect their behavior -- but frequently these non-revenue effects will not have been analyzed in advance and therefore do not represent deliberate policy. Legislators are rather regularly astonished by the unexpected -- and often negative -- secondary effects of their enactments, such as cigarette tax increases in New York producing diminished revenues due to increases in smuggling of cheap untaxed cigarettes, or newly imposed luxury taxes on yachts meant to soak the rich creating mass blue-collar unemployment in the boat-building industry due to greatly diminished sales.)
[See also: tariff , protectionism , demerit good , fiscal policy , elasticity , incentives ]
A compulsory transfer of money (or occasionally of goods or services) from private individuals, institutions or groups to the state. The amount and timing of the levy exacted from the individual taxpayer may be determined on the basis of any of a very large number of factors, but historically the most common sorts of tax have been levied based on the wealth or the income or some other characteristic of the particular taxpayer at a given time ("direct taxes" like income tax, social security tax, real property tax, estate tax, poll tax, business or professional license fees) or as some form of compulsory surcharge on one or more types of private trade or other voluntary transactions ("indirect taxes" like general sales taxes, specialized excise taxes, import tariffs, marriage licenses, and so on). In addition to the obvious function of raising revenue to finance government purchases of goods and services or income transfer programs, taxation may also be used deliberately as a policy instrument by which government seeks to influence the behavior of various segments of the citizenry by raising the costs of choosing to engage in the kinds of behavior on which taxes are imposed -- the classic examples being "sin" taxes to discourage consumption of tobacco and alcohol or protective import tariffs imposed to discourage the purchase of foreign-made products. (Of course, all forms of taxation will have an impact on the incentives facing the citizenry and thus will affect their behavior -- but frequently these non-revenue effects will not have been analyzed in advance and therefore do not represent deliberate policy. Legislators are rather regularly astonished by the unexpected -- and often negative -- secondary effects of their enactments, such as cigarette tax increases in New York producing diminished revenues due to increases in smuggling of cheap untaxed cigarettes, or newly imposed luxury taxes on yachts meant to soak the rich creating mass blue-collar unemployment in the boat-building industry due to greatly diminished sales.)
[See also: tariff , protectionism , demerit good , fiscal policy , elasticity , incentives ]
Taxation Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Tax
A tax is a financial charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state (for example, secessionist movements or revolutionary movements). Taxes could also be imposed by a subnational entity. Taxes consist of direct tax or indirect tax, and may be paid in money or as unpaid labour. A tax may be defined as a "pecuniary burden laid upon individuals or property to support the government […] a payment exacted by legislative authority." A tax "is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority" and is "any contribution imposed by government […] whether under the name of toll, tribute, tallage, gabel, impost, duty, custom, excise, subsidy, aid, supply, or other name."
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