taxation definition

taxation

Means by which governments finance their expenditure—by imposing charges on citizens and corporate entities. Although, principally, taxation should be neutral in its effects on the different sectors of an economy, governments use it to encourage or discourage certain economic decisions. For example, reduction in taxable personal (or household) income by the amount paid as interest on home mortgage loans results in greater construction activity, and generates more jobs. See also taxation principles.

taxation is in the Economics, Politics, & Society subject.

taxation appears in the definitions of the following terms: public good, public spending, capital investment factors, Ramsey pricing, continuity of interest doctrine, allodial system, benefit principle, inventory cost, reflationary policy, accounting and

taxation appears in the other terms: pass through taxation, double taxation treaty, double taxation, taxation principles

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