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wealth tax
noun
a tax on personal property; capital levy
Example Sentences
"We've made mistakes and must listen. Welfare. Gaza. Wealth tax," she wrote, adding, archly that she wouldn't "just nod along," a line seemingly aimed at Phillipson and Alison McGovern, the other candidate who is also a government minister.
Imagine Labour's deputy leader, were Thornberry to win, spending the autumn talking up a wealth tax, in the weeks before the Budget in November.
The campaign was initially dominated by foreign policy, including the wars in Gaza and Ukraine, but the run-up to the vote focused on rising living costs, the oil industry and reforming a wealth tax that has seen hundreds of Norwegians leave the country for Switzerland.
Writing on X, Thornberry said: "We fought hard for a Labour government. But we've made mistakes and must listen. Welfare. Gaza. Wealth tax. Changes to come on SEND. I will be a voice for the membership, unions, PLP, and our constituents - not just nod along."
Sylvi Listhaug has called for the abolition of the wealth tax and cutting other taxes too, while Solberg's conservatives want to remove the wealth tax on what they call "working capital", such as shares.
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