▲ 0 r/AskEconomics
Would Zakat tax grow a Knowledge Economy?
Zakat is a tax of 2.5% on wealth. I noticed intangible assets are not wealth. Therefore they are tax exempt. By not taxing intangible assets we increase them in an economy. Intangible assets are the basis of a knowledge economy. Linking the two together will Zakat cause a Knowledge Economy to grow?
u/Readitreddit2019 — 6 days ago