capital levy

listen to the pronunciation of capital levy
English - Turkish
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English - English
tax paid on capital
a tax on capital or property
a tax on private or industrial wealth that is paid to the government. Direct tax assessed simultaneously on the capital resources of all persons possessing taxable wealth in excess of a minimum value and paid at least partly out of capital resources. It aims at capturing a substantial portion of the taxpayers' wealth to enable the government to cope with a major emergency or to redistribute wealth. Capital levies were adopted in many European nations after World Wars I and II
capital levy

    Hyphenation

    cap·i·tal le·vy

    Turkish pronunciation

    käpıtıl livi

    Pronunciation

    /ˈkapətəl ˈlēvē/ /ˈkæpətəl ˈliːviː/
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