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.
Most popular in the US
Most popular in the UK
Most popular in Australia
Most popular in Malaysia
Most popular in India
Most popular in Pakistan