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    taxation

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    taxation
    tax‧a‧tion /tækˈseɪʃən/ noun [uncountable] formal
     Word Family: noun: tax, taxation; adjective: taxable, taxing; verb: tax
    1. the system of charging taxes:
        the government’s economic and taxation policy
        direct taxation (=tax on income)
        indirect taxation (=tax on things you buy)
    2. money collected from taxes:
        higher levels of taxation