capital levy

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  • noun

Words related to capital levy

a tax on capital or property

References in periodicals archive ?
The rational dictator will find inflationary capital levies most worthwhile during emergencies (especially wars) that put present revenues at a large premium over future revenues by threatening his reign (Glasner [1989]).
What the Cyprus/Poland experiences have very dramatically shown is that when the IMF and its allied politicians, economists, and central bankers start talking about "capital levies" it's time to hide every penny you can.
However, three months later, on June 26, the eurozone finance ministers reversed their reversal and confirmed that more capital levies (which they sometimes euphemistically refer to as "stability fees" and "stability levies") would indeed be the model for dealing with troubled banks.
How credible are the assurances that the new EU capital levies will be aimed at the big institutional garners and not at the small depositors, the middle class savers?