taxation

taxation
The assessment and collection of taxes, a power and process by which the sovereign raises revenue to defray the necessary expenses of government, apportioning the cost of government among those who in some measure are privileged to enjoy its benefits and must bear its burdens. Messer v Lang, 129 Fla 546, 176, 113 ALR 1073. An act of sovereignty to be performed, so far as it conveniently can be, with justice and equality to all. Union Pass. R. Co. v Philadelphia, 101 US 528, 25 L Ed 912. Graphically, but realistically stated, obtaining the greatest amount of feathers with the least squawking. See tax.

Ballentine's law dictionary. . 1998.

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  • taxation — tax‧a‧tion [tækˈseɪʆn] noun [uncountable] TAX 1. the act or system of charging taxes: • These reforms will occur at the same time as changes in banking and taxation. • Reinvested profits would be exempt from taxation (= would not be taxed ) …   Financial and business terms

  • taxation — [ taksasjɔ̃ ] n. f. • taussacion 1283; lat. taxatio ♦ Le fait de taxer (I); son résultat. 1 ♦ Fixation par voie administrative, réglementaire, du prix maximum (parfois minimum) applicable à certains biens, certains services. Taxation de denrées… …   Encyclopédie Universelle

  • taxation — tax·a·tion n 1: the action of taxing: as a: the imposition of taxes b: the judicial determination of costs 2 a: revenue obtained from taxes b: the amount assessed as a tax 3: a particular system of taxing …   Law dictionary

  • Taxation — refers to the act of a taxing authority actually levying tax. Taxation as a term applies to all types of taxes, from income to gift to estate taxes. It is usually referred to as an act; any revenue collected is usually called taxes. Taxation can… …   Investment dictionary

  • Taxation — Tax*a tion, n. [F. taxation, L. taxatio a valuing, estimation, from L. taxare. See {Tax}.] 1. 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… …   The Collaborative International Dictionary of English

  • taxation — Taxation. s. f. v. Il n a guere d usage qu au pluriel, & sign. Certains droits attribuez à quelques Officiers qui ont le maniement des deniers du Roy. Il a tant pour ses taxations. de tout l argent qui luy passe par les mains, il a cinq deniers… …   Dictionnaire de l'Académie française

  • taxation — [tak sā′shən] n. [ME taxacion < MFr taxation < L taxatio < pp. of taxare: see TAX] 1. a taxing or being taxed 2. a tax or tax levy 3. revenue from taxes …   English World dictionary

  • Taxation — (v. lat.), Schätzung, Würdigung des Werthes eines Gegenstandes, bes. wenn sie im Processe od. sonst in Veranlassung eines juristischen Geschäftes geschieht. Die T. erfolgt durch Personen, welche entweder von den betheiligten Parteien eigens zu… …   Pierer's Universal-Lexikon

  • Taxation — (lat.), Schätzung oder Wertbestimmung einer zum Verkauf, zum Austausch oder zur Übergabe bestimmten Sache, geschieht auf Anordnung einer Staatsbehörde oder auf Veranlassung von Privatpersonen durch Taxatoren, Sachverständige, die von den Parteien …   Meyers Großes Konversations-Lexikon

  • taxation — (n.) early 14c., imposition of taxes, from Anglo Fr. taxacioun, O.Fr. taxacion, from L. taxationem (nom. taxatio), noun of action from pp. stem of taxare (see TAX (Cf. tax) (v.)) …   Etymology dictionary

  • taxation — ► NOUN 1) the levying of tax. 2) money paid as tax …   English terms dictionary

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