(As far as I know, Goldman doesn't capitalize its intellectual capital, such as it is, either).
It encompasses physical capital, such as real estate and factories; intangible capital, such as brands and patents; and financial assets, such as stocks and bonds.
That hits countries that rely on foreign capital, such as Argentina and Brazil.
It overlooks "contingent" capital, such as insurance, letters of credit or some financial derivatives.
Such difficulties explain why governments still rely on other, admittedly imperfect, tools to tax capital, such as taxes on property, estates, and capital gains.
Football fans are wondering how they will get to matches being held in cities far from the capital such as Bordeaux, Nice and Marseille.
Meanwhile yakitori is also appearing on the tables of mainstream restaurants around the capital, such as Sexy Fish in Berkeley Square and MeatLiquor in Marylebone.
Knight Frank focuses on prime property in some of the most desirable riverside areas of the capital such as Vauxhall, Chelsea and Tower Bridge.
Tax breaks that encourage the concentration of capital, such as the carried-interest loophole, which dramatically lowers private-equity partners' bills, should be eliminated.
We are seeing financial institutions rely on more stable term sources of capital, such as debt and equity, rather than repo financing.
The environmental cost-benefit analysis you describe facilitates the choice between projects with different environmental impacts and between investments in particular forms of natural capital (such as reforestation).
