taxation

noun

Etymology: From Middle English taxacioun, from Anglo-Norman taxacion, from Latin taxātio (“rating, appraisal”). By surface analysis, tax + -ation.

1. The act of imposing taxes and the fact of being taxed.

   “Some of this will be down to breakthrough science and technology, breakthrough business models and breakthroughs in behaviour change, but we also need an intensifying focus on public policy, in areas like accounting, reporting and taxation, the last spotlighted by Shaxson.”

2. A particular system of taxing people or companies
3. The revenue gained from taxes.

   “Less than one-tenth of the taxation is spent on public improvements of any kind […]”