1. the system of imposing taxes; the process of levying taxes on income, property, sales, etc.
2. taxes collectively; the total amount of taxes imposed

Examples

• The new government promised to reform the taxation system.
• Small businesses often struggle with complex taxation requirements.
• Taxation without representation was a major cause of the American Revolution.
• The level of taxation varies significantly between different countries.
• Many citizens complain about excessive taxation on their income.
• Corporate taxation has become a hotly debated political issue.
• The taxation of online sales presents new challenges for governments.