The-definition.com

Definition

Taxation

Taxation is an area of public accounting involving tax advice, tax planning, preparing tax returns, and representing clients before governmental agencies.

Webster Dictionary Meaning

1. Taxation
- 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.
- The act of taxing, or assessing a bill of cost.
- Tax; sum imposed.
- Charge; accusation.
Share it:  Cite

More from this Section

  • Factoring Company
    Factoring company is a firm that buys a business open-book accounts for sometimes consumer ...
  • Bond certificate
    Bond certificate is a legal document that indicates the name of the issuer, the face value ...
  • Long Put
    Long Put refers to the trader's purchase of a put option with the intention of selling ...
  • Retained earnings statement
    The retained earnings statement is a financial statement that shows the changes in retained ...
  • Error of commission
    When a transaction has been recorded but has been wrongly entered in the books ...