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 windfall tax on big banks is estimated to bring in about £7bn a year to the Treasury.

From BBC

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

From BBC

And Kate Forbes used her SNP conference speech to demand the Chancellor replaces the "destructive" windfall tax on oil and gas firms at the next budget.

From BBC

Congress could also pass a windfall tax on banks’ net interest margins.

From MarketWatch