windfall tax

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windfall tax

a tax levied on an organization considered to have made excessive profits, esp a privatized utility company that has exploited a monopoly
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For over 35 percent to 40 percent margin, windfall profits tax shall be 1 percent; over 40 percent to 45 percent, tax of 2 percent ; over 45 percent to 50 percent, tax of 3 percent; over 50 percent to 55 percent, tax of 4 percent; over 55 percent to 60 percent, tax of 5 percent; over 60 percent to 65 percent, tax of 6 percent; over 65 percent to 70 percent, tax of 7 percent; over 70 percent to 75 percent, tax of 8 percent; over 75 percent to 80 percent, tax of 9 percent; and 80 percent, tax of 10 percent.
From a public choice perspective, the single most important element that made decontrol feasible was the windfall profits tax. It was not enough that outside economists had made such a convincing academic case for abolishing the controls.
windfall profits tax. Both cases raise questions about what constitutes an excess profits tax, when foreign taxes are creditable, and even how Treasury regulations should be interpreted.
Sonatrach's right to a majority stake in E&P contracts was restored, and a windfall profits tax was introduced for Dated Brent in excess of $30/b (see gmt5AlgGeoFeb2-09).
This work explains background, history, rationales, policy and economic contexts, and consequences of bills introduced in Congress to impose a windfall profits tax on oil--that is, a tax on oil industry income that is due primarily to rising crude oil prices, not new production or investment.
Lawmaker Sanjaasurengiin Oyun told AFP on the sidelines of the conference that scrapping the windfall profits tax would open doors for Ulan Bator.
electricity comes from renewable sources by 2012, and 25 percent by 2025, and promotes a windfall profits tax on oil companies to provide a $1,000 emergency energy rebate to American families.
Obama's energy platform lists consumer rebates funded by a windfall profits tax on oil companies.
Gerard also said that while he is optimistic about working with the new Congress, it is too soon to know whether API will be able to convince lawmakers to oppose a windfall profits tax on the oil industry.
Obama proposes to enact a windfall profits tax on energy profits that would provide a $1,000 rebate to American families.
And that's slap a windfall profits tax on the oil, gas and electricity companies' obscene levels of profit, when millions are worried about how they are going to keep themselves warm.
The Democratic proposal would have imposed a windfall profits tax of up to 25 percent on "unreasonable" earnings by the nation's five biggest oil companies.