windfall tax

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windfall tax

n
(Economics) 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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Wants to encourage green-collar jobs with incentives to clean technology companies through a $50 billion Strategic Energy Fund from windfall profits taxes on the oil industry.
Several initiatives that would impose windfall profits taxes on crude oil profits were also introduced.
It is hard to believe that control proponents really think that imposing "windfall profits taxes" (WPT), now under consideration, would boost supplies.