capital levy

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.

Learn more about capital levy with a free trial on Britannica.com.

Levy or Lévy may refer to:

*Lévy processes
*The Lévy continuity theorem
*Lévy's convergence theorem
*Lévy's modulus of continuity
*The Lévy metric


See also

Search another word or see levyon Dictionary | Thesaurus |Spanish
Copyright © 2015 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature