Entry from British & World English dictionary
Definition of capital levy in English:
A tax by means of which the state appropriates a fixed proportion of private wealth: he headed off demands for a capital levy
More example sentences
- Thus, leaving aside the capital levy that distinguishes the consumption tax from the tax on labor income, a consumption tax will appear to raise less money in the short run.
- The Dublin Docklands Development Authority charges companies located in the IFSC area of the capital levies which are to be used for cultural development.
- After Munich, the Radical Paul Marchandeau, who was usually very much a conservative on economic matters, had proposed financing rearmament by a capital levy and exchange controls.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.