windfall tax

George Osborne, shadow chancellor, is refusing to rule out his own windfall tax and demanding that banks forgo their tax losses.

Meanwhile, fossil fuel corporations will be hit with a windfall tax that will be used to "deal with the effects of climate change. "

Imposing either a "windfall tax" or special curbs on bonuses is an understandable political response to what is happening.

On top of that the government will take a 33% royalty and a windfall tax.

Some of the money to pay for these schemes will come from a windfall tax on mining profits.

To help solve these problems, Humala has proposed levying a windfall tax on the mining sector.

So why do I now find the idea of a windfall tax on banks so appealing?

A windfall tax on profits, discussed by both government and opposition, might put any recovery at risk.

And the White House has ruled out more populist attacks on Wall Street pay, such as a windfall tax.

Of that rise, more than 40 per cent was due to the imposition of a windfall tax by Beijing last year.

In December banks were alarmed when a windfall tax of 50% on any bank bonuses above £ 25, 000 was announced.

But making any windfall tax fair and feasible will be tough.

A one-off windfall tax on bonuses would make the pain ahead for society so very much more bearable.

Zambia scrapped its proposed windfall tax early last year after heavy opposition.

China raises windfall tax exemption threshold for oil producers

Algeria agrees oil windfall tax