taxes Definition and Meaning in English (taxes definition)
nounTaxes definition: Taxes are compulsory financial contributions imposed by a government on individuals or businesses to fund public expenditures.
Definitions of Taxes
- 1noun
Taxes are compulsory financial contributions imposed by a government on individuals or businesses to fund public expenditures.
- 2verb
To tax someone or something means to impose a financial levy on them, usually by a government.
Example Sentences
“The government plans to increase taxes on luxury goods.”
“High taxes can discourage investment in a country.”
“The new policy taxes large corporations more heavily.”
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Phrases & Idiomatic Expressions
A reduction in the amount of tax that a person or company has to pay.
The illegal non-payment or underpayment of tax.
The total amount of tax paid by a particular group or by the population as a whole.
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