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windfall profit

   Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
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Noun1.windfall profit - profit that occurs unexpectedly as a consequence of some event not controlled by those who profit from it
net income, net profit, profit, profits, earnings, lucre, net - the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)


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The Oyu Tolgoi project, which is expected to employ 5,000 people at the mine and thousands more in the supply chain around it, was made possible when lawmakers recently scrapped a controversial windfall profits tax.
Mongolia's parliament has scrapped a 68-percent windfall profit tax, local media reported Wednesday, removing a key obstacle blocking a huge copper project for miners Rio Tinto and Ivanhoe.
Mongolia's parliament has scrapped a 68-percent windfall profit tax, local media reported Wednesday, removing a key obstacle blocking a huge copper project for miners Rio Tinto and Ivanhoe.
 
 
 
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