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addaword.gifdefinition of tycoon tax

noun
a tax on the assets of the very wealthy who pay very low rates of income tax
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.
Submitted from United Kingdom on 16/03/2012 14:40:00
Definition of tycoon tax from the Open Dictionary – a public resource hosted by Macmillan English Dictionary Online

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