Internal Taxation: Definition, Pronunciation, and Example

Internal Taxation

noun | in·ter·nal tax·a·tion | \ in-ˈtər-nəl tak-ˈsā-shən \
カタカナ: インターナル・タクセイション (Intānaru Takuseishon)

Definition:

A system of taxes imposed within a country or jurisdiction on goods, services, income, or property, as opposed to taxes on imports, exports, or cross-border transactions.

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Example Sentence:

“The government relies heavily on internal taxation to finance education and healthcare.”