windfall tax

British  

noun

1. a tax levied on an organization considered to have made excessive profits, esp a privatized utility company that has exploited a monopoly

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Example Sentences

The move by TotalEnergies has so far helped avert mass protests, as surging profits make it a target for a windfall tax.

From The Wall Street Journal • Jun. 9, 2026

The suggestion by a Korean member of parliament last week of a windfall tax on chip manufacturers was enough to prompt a 5% drop in the Kospi in a matter of hours.

From MarketWatch • May 21, 2026

Energy firms operating in the UK are subject to a windfall tax that was introduced in 2022 as a response to soaring profits following Russia's full-scale invasion of Ukraine.

From BBC • Apr. 28, 2026

The increase in demand has pushed coal prices higher and even sparked talk of a windfall tax in coal-producing Indonesia, which reversed a decision taken last year to reduce production.

From Barron's • Mar. 24, 2026

In March, the UK government launched a consultation on plans to replace the windfall tax on the profits of energy companies when it comes to an end in 2030.

From BBC • May 7, 2025