It means that chances of windfall profits
for oil producers are slim, and Arab countries will have to review their budgets and abandon their ostentatious living styles.
The IMF has secured funding for its concessional loans to the world's poorest countries with its membership agreeing to contribute more than 90 percent of the windfall profits
from the sale of IMF gold to the Poverty Reduction and Growth Trust (PRGT).
Meanwhile, the Chairman of state-run power company National Thermal Power Corporation (NTPC), Arup Roy Chowdhury, said it had made no windfall profits
from the allocations and that the lower costs meant cheaper electricity for consumers.
The Government argues the Australian public should be sharing in these windfall profits
. In this year's Budget it said it would use the extra revenue from this tax to boost Australian workers' retirement incomes and to cut company tax.
In addition, the new Senate Democratic version calls for a 25% windfall profits
tax for oil companies not investing in additional supplies or renewable energy sources, stop filling the Strategic Petroleum Reserves through the end of the year unless crude prices drop below $75/B, stop traders from making transactions on off-shore exchanges to hide their activities and increase the margin requirement for traders from the now current 10-20%.
The Algerian energy minster, Chakib Khelil, says he's still waiting for international oil companies' reaction to the proposed new law introducing the windfall profits
tax on oil, along with a move to give the state-owned oil firm Sonatrach a 51% interest in their contracts.
The first was the creation of a windfall profit
for anyone who had high-cap magazines for anything, and magazines you could hardly give away the day before suddenly became priceless relics.
But he wasn't offering to pay windfall profit
taxes to help the government--already strapped by war and tax cuts for the wealthy--in this mission of mercy.
As a result, the market price rises for large consumers and the power companies gain their windfall profit
stream--up to [euro]2.7 billion in the Nordic region alone, according to Cepi figures.
Hundreds of thousands of investors are gambling on qualifying for a windfall profit
from building societies that become banks.
A facility may have lowered its costs and had a resultant windfall profit
, but once those lower costs are used for rate-setting a couple of years later, the profit comes down.