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taxation

Pronunciation: [tækˈseɪʃən]

Word

Learn how to use taxation in a sentence: 6 audio examples across 2 meanings.

Context: “government finance”

(noun) the way a government collects money from its people. This money helps pay for things like schools, roads, and hospitals. When you earn money or buy things, sometimes you have to give a part of it to the government.

Example

The taxation system in our country helps fund public services that everyone uses.

Example

Many people believe that high taxation can make it hard for small businesses to grow.

Example

What makes you think taxation is important for our community?

Context: “business accounting”

(noun) the rules and laws that determine how much tax a person or business has to pay. These rules can change often, and it's important to know them to avoid problems.

Example

Understanding taxation rules can help companies plan their budgets more effectively.

Example

Not keeping up with changing taxation laws can lead to serious penalties for businesses.

Example

What are the new taxation rules this year for small businesses?

How to pronounce taxation

Pronunciation: [tækˈseɪʃən]

Listen and repeat as many times as you need.

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