A windfall profits tax is a higher tax rate on profits that ensue from a sudden windfall gain to a particular company or industry.
Read more about Windfall Profits Tax: United Kingdom, United States, Scandinavia, Criticism
Famous quotes containing the words profits and/or tax:
“It little profits that an idle king,
By this still hearth, among these barren crags,
Matched with an aged wife, I mete and dole
Unequal laws unto a savage race
That hoard, and sleep, and feed,”
—Alfred Tennyson (1809–1892)
“Parents are used to being made to feel guilty about...their contribution to the population problem, the school tax burden, and declining test scores. They expect to be blamed by teachers and psychologists, if not by police. And they will be blamed by the children themselves. It is hardy a wonder, then, that they withdraw into what used to be called “permissiveness” but is really neglect.”
—C. John Sommerville (20th century)