windfall tax
Excess profits charge
A windfall tax is a levy on profits considered unexpectedly or excessively high, typically imposed on industries benefiting from circumstances beyond their control.
Governments impose windfall taxes on oil companies during price spikes, or on energy firms during supply crises: The government announced a windfall tax on oil and gas producers.
The term reflects the sense of profits falling into a company's lap like fruit from a tree.
- unearnedNot rightfully gained
- profitingMaking financial gain
- surchargeExtra fee added
- one-timeOccurring only once
- revenueBusiness income total
record profits · budget shortfall · cost of living · levy · tax · nonrecurring · corporate tax · fair share · progressive · oil companies · extraordinary · superprofits · oil royalties · price gouging · big oil · wealth redistribution · wealth tax · luxury tax
- UK BudgetExchequer, budget deficit, public spending, national debt, public debt
- UK taxesVAT, income tax, council tax, inheritance tax, corporation tax
- Energy RegulationEPA, emissions standards, gas laws, offshore drilling, BLM
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- taxationtax, income tax, sales tax, tax return, tax refund
- Indirect Taxesexcise tax, VAT, value-added tax, sales tax, customs duty
windfall taxsubsidy
Financial assistance from government
government grant · tax rebate · tax credit · government handout · tax break
windfall taxtax break
Reduction in owed amount
tax credit · tax relief · tax incentive · tax holiday · tax exemption
windfall, wind, fall, winds, falls, windy, falling, fallen, taxing