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capital levy

Line breaks: cap|ital levy

Definition of capital levy in English:

noun

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.

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