Fiscalization

/ˌfɪskələˈzeɪʃən/ noun

Definition

The process of making something subject to fiscal control, taxation, or financial regulation; the act of bringing something into the fiscal system.

Etymology

From 'fiscalize' plus the suffix '-ation' meaning 'the process or result of.' This technical term developed in modern administrative and economic discourse as governments formalized control over resources.

Kelly Says

When companies or informal economies get 'fiscalized,' it means governments are finally collecting taxes from them—it's a process happening worldwide right now as digital transactions make it harder for people to hide income.

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