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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.
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