windfall tax

noun

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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Example Sentences

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Conservative leader Kemi Badenoch has called for an end to the windfall tax on oil and gas companies and said new licenses should be issued for drilling in the North Sea.

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The oil and gas sector says the windfall tax is holding back investment.

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She claimed the windfall tax on the sector is wrong as "for months there has been no windfall to tax".

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Lamb is also one of a number of MPs calling for a new type of windfall tax on companies which made excessive profits from Covid contracts, and for more to be invested in mental health treatment which, in turn, would cut the demand for welfare payments from those struggling with untreated conditions.

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Harbour Energy has been a vocal critic of the Energy Profits Levy, known as the windfall tax, introduced by the Conservative UK government in 2022 and extended after Labour came to power last year.

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windfall windfarm

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