The Conscientious Burglar. Paisley humanitarian. "If I could only be quite sure that I shouldn't be discouraging him from saving." "Mr. Asquith has pronounced himself cautiously in favour of a capital levy, on the condition, amongst others, that it must not be allowed to discourage the habit of saving." Cartoon from Punch magazine (February 11, 1920), illustrating part of the dilemma for governments pondering the use of a capital levy.
A capital levy is a tax on capital rather than income, collected once, rather than repeatedly (regular collection would make it a wealth tax). For example, a capital levy of 30% will see an individual or business with a net worth of $100,000 pay a one-off sum of $30,000, regardless of income. Capital levies are considered difficult for a government to implement.[citation needed]
Some economists argue that capital levies are a disincentive to savings and investment, and cause capital flight, but others argue that in theory this need not be the case.[citation needed] The latter view was popular in the World Wars; in the 2010s, it has also gained some acceptance as more heavily indebted nations struggle to raise revenues.
A capitallevy is a tax on capital rather than income, collected once, rather than repeatedly (regular collection would make it a wealth tax). For example...
businesses, financial securities, and personal trusts (a one-off levy on wealth is a capitallevy). Typically, wealth taxation often involves the exclusion of...
Debenture (Non-Refundable) of HKD$432,250. GSIS has launched a pilot CapitalLevy scheme for an unspecified amount of new students entering into selected...
with minimal complaints. The Treasury rejected proposals for a stiff capitallevy, which the Labour Party wanted to use to weaken the capitalists. Instead...
the October 2013, Fiscal Monitor publication, the IMF suggested that a capitallevy capable of reducing Euro-area government debt ratios to "end-2007 levels"...
called for a capitallevy on citizens of a nation before that nation applies for relief under the European Financial Stability Facility. The levy "corresponds...
or in kind, including collections by monarchs and lesser feudal lords, levied on persons or property subject to the government, with the primary purpose...
issued share capital of English Premier League club, Tottenham Hotspur. Club chairman Daniel Levy and his family own 29.88% of the share capital of ENIC International...
Capital punishment, also known as the death penalty and formerly called judicial homicide, is the state-sanctioned practice of killing a person as a punishment...
of those Cypriots who had fought against him. He also imposed a 50% capitallevy on the island in return for confirming its laws and customs. He also...
2022). "Sequoia Capital opening its first New York office". Crain Communications. Archived from the original on July 28, 2022. Levy, Ari (2020-09-18)...
Minister of Finance in the Republic of German-Austria. He proposed a capitallevy as a way to tackle the war debt and opposed the socialization of the...
Wiedergutmachung, also including repayments of the Judenvermögensabgabe ("Jewish CapitalLevy").: 65f Aryanization Expatriation tax Haavara Agreement Diploma tax...
or a bank levy, is a tax on banks which was discussed in the context of the financial crisis of 2007–08. The bank tax is levied on the capital at risk of...
business income and capital gains. Taxable income of individuals is taxed at progressive rates from 0 to 45%, plus a Medicare levy of 2%, while income...
near impossible. Hence, Labour policies such as nationalisation, the 'capitallevy' taxation and public works programmes to alleviate unemployment were...
Levy works as a self-employed renewable energy attorney. From 2017 to 2020, she was a real estate due diligence consultant at Sustainable Capital Finance...
war-related activities. The Treasury rejected proposals for a stiff capitallevy, which the Labour Party wanted to use to weaken the capitalists. Instead...
Mobility of Capital". Levy Economics Institute Working Paper No. 265. doi:10.2139/ssrn.159690. hdl:10419/186938. S2CID 154901638. ^ Capital, Volume I ^...
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