windfall tax

An exceptional *taxation charge on *corporations that are deemed by a government to have made *windfall (or excessive) profits owing to unusual circumstances. *Private sector *monopoly suppliers of *public utilities, for example, are subjected to periodic windfall taxes in some countries. In the United States, the 1980 Crude Oil Windfall Profits Tax was imposed on oil corporations that had benefited from exceptional increases in the *price of oil in the 1970s.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • windfall tax — noun A tax levied on windfall profits, profits arising, esp suddenly and unexpectedly, as a result of events not directly connected with the company, etc concerned, such as changes in currency exchange rates • • • Main Entry: ↑wind * * * windfall …   Useful english dictionary

  • windfall tax — ➔ tax1 * * * windfall tax UK US noun [C] TAX ► an extra tax that a government charges a company when it makes a large unexpected profit, especially if they have been helped by economic conditions: »Following record profits, a €5bn windfall tax… …   Financial and business terms

  • windfall tax — windfall .tax n an additional amount of tax that the British government sometimes takes from a company that has suddenly earned a large amount of money that it did not expect to earn …   Dictionary of contemporary English

  • Windfall tax — In the United Kingdom, the Windfall Tax was a tax levied on privatised utility companies.In Australia, windfall tax may refer to either: * Commonwealth places windfall tax, imposed under the Commonwealth Places Windfall Tax (Collection) Act 1998… …   Wikipedia

  • Windfall Tax — A tax levied by governments against certain industries when economic conditions allow those industries to experience above average profits. Windfall taxes are primarily levied on the companies in the targeted industry that have benefited the most …   Investment dictionary

  • windfall tax — UK / US noun [countable] Word forms windfall tax : singular windfall tax plural windfall taxes an extra amount of tax that the government charges a company that makes a lot of money unexpectedly …   English dictionary

  • Windfall tax — Die Zufallsgewinnsteuer (engl. windfall profits tax) ist eine 1980 in den USA entstandene Steuer, die auf Grund von plötzlichen Mehrgewinnen von Ölfirmen in Zusammenhang mit dem damaligen arabischen Ölembargo entstanden ist. Die Steuer wurde im… …   Deutsch Wikipedia

  • windfall tax — (also windfall profits tax) noun a tax levied on an unexpectedly large profit, especially one regarded to be excessive or unfairly obtained …   English new terms dictionary

  • windfall tax — Fin excess profits tax …   The ultimate business dictionary

  • Windfall Tax (United Kingdom) — The Windfall Tax was a tax on what were claimed to be the excess profits of the privatised utilities [http://archive.treasury.gov.uk/pub/html/budget97/ir1.html] introduced by the Labour government in 1997. It followed from their manifesto… …   Wikipedia

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