Capital Levy (Noun)
Meaning
A tax on capital or property.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The government introduced a one-time capital levy on wealthy individuals to help offset the national debt.
- The capital levy tax on property holders has been a contentious issue among lawmakers for several years.
- In an effort to stimulate economic growth, the country's finance minister has proposed abolishing the capital levy on corporate assets.
- Opponents of the capital levy argue that it will only serve to discourage investment and drive away businesses.
- Historically, many countries have used capital levies as a way to redistribute wealth during times of war or economic crisis.