capital levyˌcapital ˈlevyTAX1a tax paid by someone on the value of their property and assetsThere will be a 2% capital levy increase beginning April 1.
2a special tax on wealth, for example when a country is at war or in a dangerous situationHe resisted the idea of a capital levy, and Britain paid a high proportion of the costs of the war out of general taxation.
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