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English word

tax

B1Frequent NGSL-1
UK /tæks/US /tæks/
noun

money that you have to pay to the government so that it can pay for public services. People pay tax according to their income and businesses pay tax according to their profits. Tax is also often paid on goods and services.

verb

to put a tax on somebody/something; to make somebody pay tax

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Joe Tsai Co-founder & Chair of Alibaba | In Good Company | Norges Bank Investment Management
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My specialty, professionally, was actually tax law.

Joe Tsai Co-founder & Chair of Alibaba

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