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taxation
/tækˈseɪʃən/
US
UK
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
]
US