单词 | national defence contribution |
释义 | > as lemmasNational Defence Contribution National Defence Contribution n. Economics (now historical) a tax levied to supplement military and defence spending; (British History) a tax on corporate profits introduced in 1937 to supplement the defence budget; abbreviated N.D.C. ΚΠ 1923 H. G. Moulton & C. E. McGuire Germany's Capacity to Pay v. 152 Prior to the Great War the imperial German government had levied only one direct tax—that in the National Defence Contribution Act (Wehrbeitragsgesetz) of July 3, 1913. It was a capital tax and an income tax combined. 1937 N. Chamberlain in Hansard Commons 20 Apr. 1616 I propose that the National Defence Contribution shall be payable in respect of the growth of profit by all persons engaged in industries, trade, or business of any kind whose profits..exceed £2,000. 1999 J. McAleer Passion's Fortune iii. 76 The build-up to the Second World War, and wartime itself, effectively stopped Mills and Boon's growth. The first payment of National Defence Contribution (1937), amounting to over £500, depressed profits. < as lemmas |
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