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All you need to know about the Windfall Tax

Windfall taxes are imposed on businesses that generate sudden super profits due to favorable economic conditions.


The government has been revising the windfall tax almost every two weeks since its implementation on July 1.

Proponents of windfall taxes argue that the money collected can be used to increase financing for social services.

Detractors contend that it hinders businesses’ efforts to maximize earnings and discourages investment.

The Indian government intends to compel oil exporters to meet the domestic demand first by making exporting oil more expensive.


Governments levy these taxes in order to help pay for aid packages for customers and businesses affected by rising energy prices.

Various other nations such as UK and Italy have also imposed windfall taxes.


Click here to know more about windfall taxes.

When economic conditions permit some businesses to generate sudden super profits, governments impose a higher tax rate, known as a windfall tax, on them. Here's all you need to know:

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All you need to know about the Windfall Tax

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