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"It's a capital transfer from defendants to plaintiffs' lawyers".
To Mr. Gbagbo's critics, the capital transfer amounted to a cynical ploy to create a united front against the Muslim north.
Or he could return to the old capital transfer system, under which all transfers of assets during your lifetime become immediately chargeable for tax.' If the capital transfer system were reintroduced, someone wanting to transfer assets to anyone other than their spouse would still benefit from the inheritance allowance, £242,000 for the current tax year.
By the same token, in Japan in 1998 the government made a one-time capital transfer amounting to 4.8% of GDP to the railways, worsening its budget balance for that year alone.
Hain is calling for a seven-point equality programme, including an effective income tax rate of 62% on higher earners, a financial transactions tax, stamp duty on football transfer fees and reforms to inheritance tax to "make the tax as progressive as capital transfer tax was 40 years ago".
"First they must be able to control the flow of information," he wrote, "so as to keep taxpayers and the press from convincingly assessing either the magnitude of the implicit capital transfer or the anti-egalitarian character of the subsidization scheme".
Similar(44)
First off, there's "capital transfers" – basically bank bailouts.
Charge to it next the nonhuman capital transferred to the young.
Another $9.6 billion went for subsidies and $68.1 billion for capital transfers to state and local governments.
The price consists of 9 billion Swedish kronor ($1.2 billion) and 2.9 billion kronor in capital transferred from FIH, Swedbank said.
A smaller amount of revenue is raised from taxes on property, on capital gains, and on capital transfers, particularly at death.
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