Meaning of windfall tax | Babel Free

Definitions

Ellipsis of windfall profits tax, a higher tax rate on profits from sudden gains (“profiteering”) in certain industries.

abbreviation, alt-of, ellipsis

Equivalents

Examples

“The windfall tax was the political glue in the 1980 deal⟳ to get⟳ Washington out of the business of setting oil prices. Producers were freed from cumbersome, costly controls, while the public was assured a portion of any gain⟳ from OPEC-led price gouging.”

“Companies at the centre of the global grain trade⟳ have⟳ enjoyed a record⟳ bonanza amid soaring food prices around the world, raising concerns of profiteering and speculation in global food markets that could put⟳ staples beyond the reach⟳ of the poorest, and prompting calls for a windfall tax.”

CEFR level