Understanding Windfall Taxes

Windfall - taxes - Tax taxes - economic conditions - industry experiences - TAXSCAN

A windfall tax is a higher tax rate levied by governments against certain industries when economic conditions allow those industries to experience above-average profits. The term “Windfall Tax” refers to a one-time tax imposed on businesses that are thought to have made excessively high profits, typically due to unusually favourable market conditions. Windfall taxes are…

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