Definition of windfall tax in English:

Share this entry

windfall tax

(also windfall profits tax)

noun

A tax levied on an unforeseen or unexpectedly large profit, especially one regarded to be excessive or unfairly obtained.
Example sentences
  • The Green Party wants to levy a windfall tax on land when it is zoned for development.
  • The impact would be similar to the windfall tax Labour levied on the big privatised utilities in 1997.
  • To fund improvements to such societal problems ICTU is looking for a windfall tax on profits from land rezoning as well as a review of business taxes and levies reviewed with a view to seeking higher taxes from the financial sector.

For editors and proofreaders

Line breaks: wind|fall tax

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.