Brought under fiscal control or taxation; subject to government financial regulation and oversight.
Past tense and past participle of 'fiscalize,' this adjective describes the state of having been integrated into a fiscal system. It emerged in modern administrative language alongside the verb form.
A 'fiscalized' business is one where the government can see and tax the money—in many developing countries, the fight to get more businesses 'fiscalized' is crucial because informal sectors hide trillions in economic activity from authorities.
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