any comment on windfall tax?
Glove Discussion, buy red sell green
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 Oct 28 2020, 07:40 PM
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Oct 29 2020, 11:15 AM
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QUOTE(cliffekent @ Oct 28 2020, 09:25 PM) Windfall tax only applicable to commodity product. not exactly.  QUOTE A windfall tax is a tax levied by governments against certain industries when economic conditions allow those industries to experience above-average profits. Windfall taxes are primarily levied on companies in the targeted industry that have benefited the most from the economic windfall, most often commodity-based businesses. Often does not mean the only ones.https://www.investopedia.com/terms/w/windfalltax.asp for example, in UK, windfall tax is applied on utilities, and then for US, their banking industry. This post has been edited by lamode: Oct 29 2020, 11:25 AM |
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