tax·a·tion 
/tækˈseɪʃən/ noun
/tækˈseɪʃən/ noun [noncount] : the action, process, or system of taxing people or things
▪ the federal right of taxation ▪ The company is trying to shield its profits from taxation. [=to prevent its profits from being taxed] ▪ They favor reduced taxation on capital gains. [=they think that capital gains should be taxed at a reduced rate]
▪ the federal right of taxation ▪ The company is trying to shield its profits from taxation. [=to prevent its profits from being taxed] ▪ They favor reduced taxation on capital gains. [=they think that capital gains should be taxed at a reduced rate]
