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

There has also been speculation that the windfall tax of 78% - due to expire in 2030 - might be phased out earlier.

From BBC

The report backed industry calls for the windfall tax to be reformed "as soon as possible".

From BBC

Mark Robinson, who joked to activists he was the "most left-wing man in commercial real estate", welcomed the party's call this week for a windfall tax on big banks.

From BBC

Lamb is also one of a number of MPs calling for a new type of windfall tax on companies which made excessive profits from Covid contracts, and for more to be invested in mental health treatment which, in turn, would cut the demand for welfare payments from those struggling with untreated conditions.

From BBC

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