Punitive Tax

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Punitive Tax

1. A tax imposed to discourage a behavior. For example, retirement plans usually have excise taxes placed upon them if one makes a withdrawal prior to a certain age.

2. An extraordinarily high tax. For example, a government theoretically could impose a tax of 99% on all income over $20,000. There is no consensus as to what qualifies as a punitive tax.
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In fact, the organization "begged on our hands and knees" to avoid punitive taxes on the American consumer, Helfenbein said.
It is more difficult to understand how destroying the job market by assessing punitive taxes on the job creators and providers and propagating the inhospitable Illinois business climate will help the middle class.
No wonder EU citizens are traumatised by high unemployment, immigration, punitive taxes on the poorest, Eurozone instability, banking crises and rising public anger.
class="MsoNormalAlready, the government has been forced to introduce new punitive taxes to raise additional cash to plug the shortages, but at a cost to the citizens.
I will stop punitive taxes and levies.I will relax mobile courts due to the suffering and pains of the people.
It already is, of course - punitive taxes on cigarettes are designed to put people off smoking, as much as to help pay for their cancer treatment.
But International Development Secretary Priti Patel said: "The man Jeremy Corbyn wants to make Chancellor believes the nonsensical ideas of Karl Marx - punitive taxes, closing down businesses and the removal of private property - should be at the heart of economic policy.
It is a truly global bank and in view of the punitive taxes imposed on UK banks I understand that it is contemplating moving its HQ out of UK.
It is a truly global bank and, in view of the punitive taxes imposed on UK banks, I understand that it is contemplating moving its HQ out of UK.
Because of punitive taxes the rich have deserted and many have come to London.Consequently, investment in French business has collapsed, unemployment is touching 11% and increasing while Yorkshire has created more jobs than the whole of France put together.
It is about time that these punitive taxes were removed in order that our industries can compete for sales on a more competitive way with the rest of the world.