Definitions of taxation


What is taxation? Taxation is the system by which a government takes money from people and spends it on things such as education, health, and defence. www.collinsdictionary.com/dictionary/english/taxation

Taxation is a mode by which the Government exacts money from the people for revenue in order to support its existence and carry out its legitimate objectives.

Taxation is a mode of raising revenue for public purpose. It is the exercise of sovereign power to raise revenue for the expenses of the Government.

Taxation is a term for when a taxing authority, usually a government, levies or imposes a tax. The term "taxation" applies to all types of involuntary levies, from income to capital gains to estate taxes. Though taxation can be a noun or verb, it is usually referred to as an act; the resulting revenue is usually called "taxes." www.investopedia.com/terms/t/taxation.asp.

Taxation is the process or means by which the sovereign, through its law-making body, raises income to defray the necessary expenses of government. It is a method of apportioning the cost of government among those who in some measure are privileged to enjoy its benefits and must, therefore, bear its burdens. (see 51 Am. Jur. 341; 1 Cooley 72-93)

A tax (from the Latin taxo) is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. The first known taxation took place in Ancient Egypt around 3000–2800 BC. en.wikipedia.org/wiki/Tax.

Taxation is a power; it refers to the inherent power of the state to demand enforced contributions for public purpose or purposes.

Taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well. www.britannica.com/topic/taxation.

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