Definition, Meaning & Synonyms
punitive-taxation
noun
/ˈpjuːnɪtɪv tæˈkseɪʃən/
Definition
Taxation imposed to punish or penalize individuals or entities for certain behaviors or actions.
Examples
- The government introduced punitive taxation on tobacco products to discourage smoking.
- Many argue that punitive taxation can lead to economic harm if imposed too harshly.
- Investment in harmful industries may attract punitive taxation to align profit with social responsibility.
Meaning
Punitive taxation is a method of taxation designed to deter specific activities by making them financially burdensome.
Synonyms
- penal taxation
- deterrent taxation
- penalty tax
