Definition, Meaning & Synonyms
imposition-of-tax
noun
/ɪmˈpəʊ.zɪʃ.ən əv tæks/
Definition
The act of establishing or applying a tax on individuals or entities by a governing body.
Examples
- The imposition of tax can impact the economy by reducing disposable income.
- After the imposition of the new tax, many businesses had to adjust their pricing strategies.
- The citizens protested against the sudden imposition of tax without prior announcement.
Meaning
Imposition of tax refers to the legal process where a government sets a tax rate and requires payment from citizens or businesses.
Synonyms
- Taxation
- Levy
- Assessment
- Imposition
