capital levy


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capital levy

n
(Economics) a tax on capital or property as contrasted with a tax on income
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.capital levy - a tax on capital or property
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
land tax, property tax - a capital tax on property imposed by municipalities; based on the estimated value of the property
References in periodicals archive ?
First Milk is also increasing capital levy contributions, from 0.
The news comes after an announcement from First Milk that it is delaying its next milk payment by two weeks, increasing capital levy contributions and recouping extra capital from farmers at a time when they are already under significant financial pressure.
The apex bank is suggesting that European countries facing bankruptcy could, in the future, consider imposing a one-time domestic capital levy rather than seeking foreign aid.
Germany's Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help.
The citizens of the McKenzie Valley first passed a 10-year capital levy in 2000.
For instance, when the capital stock is sufficiently large and no restrictions are placed on the capital income tax, it is optimal for the government to raise all revenues through a single capital levy at date 0 and never again tax either capital or labor.