/tækˈseɪʃən/ – noun
Definition: 1. đánh thuế;
2. xác định mức lệ phí.
A more thorough explanation: Taxation is the process by which a government imposes a financial charge or levy on individuals, businesses, or other entities in order to fund public expenditures and services. It is a mandatory contribution imposed by the government on income, profits, property, goods, services, or transactions.
Example: The government implemented a new taxation policy to increase revenue collection from businesses.