windfall tax

noun

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

Example Sentences

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

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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.

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Liberal Democrat deputy leader Daisy Cooper has called for a windfall tax on big banks to fund home loans to install renewable energy systems.

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Cooper said the Lib Dems were the first party to call for a windfall tax on oil and gas giants following the invasion of Ukraine - and the big banks had received a similar unexpected profit boost.

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The windfall tax would allow the government to put forward £2bn in capital to guarantee loans from her new Energy Security Bank, which Cooper claimed could then "unleash up to £10bn of affordable loans to homeowners".

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