Phrases with «taxation»

plainhierarchy
Taxation refers to the money that individuals and businesses are required to pay to the government. It is a way for the government to collect funds so that it can finance public services, such as building infrastructure, providing healthcare and education, and maintaining law and order. Taxes are usually based on income, property, or the sale of goods and services. Full definition

Sentences with «taxation»

  • Indeed, one of the main reasons we have a lower rate of taxation on small business income is to allow business owners to pump the savings back into growing their business. (huffingtonpost.ca)
  • Traditional C - corporation status provides the protection of limited liability for shareholders, but at a cost of double taxation of earnings — at both the corporate and shareholder levels. (inc.com)
  • One of them, perhaps the most generous, is an exemption from taxation on the profit from the sale of your principal residence. (sapling.com)
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