windfall tax

noun

1. a tax levied on an organization considered to have made excessive profits, esp a privatized utility company that has exploited a monopoly

Example Sentences

A US oil firm has said it will end all its operations in the North Sea by the end of 2029, blaming the impact of the windfall tax.

From BBC

Apache said recent confirmation in the Budget that the windfall tax on oil and gas firm profits would rise and be extended to 2030 had made production uneconomic.

From BBC

The chancellor also confirmed a windfall tax the UK government levies on the profits made by oil and gas firms will rise from 38% from 35% on 1 November, and will remain in place until 2030.

From BBC

The government pledged to invest £8.3bn into the company over the course of this parliament, which is expected to be raised through a windfall tax on oil and gas firms.

From BBC

That is expected to be raised through a windfall tax on oil and gas firms.

From BBC