English Dictionary

Define dictionary terms easily in our powerful online English dictionary.

Searching for...

No matching words found

Try a different search term or browse the dictionary

Definition tycoon tax in British English

tycoon tax noun

noun
1

a tax on the assets of the very wealthy who pay very low rates of income tax

Example

Nick Clegg says he wants to introduce a "tycoon tax" to go after top earners who employ an "army of lawyers and accountants" to avoid paying tax.

Definition tycoon tax in British English