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windfall tax

Line breaks: wind|fall tax
(also windfall profits tax)

Definition of windfall tax in English:

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.

Definition of windfall tax in:

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