Meaning of “windfall tax” in the English Dictionary


"windfall tax" in Business English

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windfall taxnoun [ C ]

uk us TAX

an extra tax that a government charges a company when it makes a large unexpected profit, especially if they have been helped by economic conditions:

Following record profits, a €5bn windfall tax was levied on energy companies.

(Definition of “windfall tax” from the Cambridge Business English Dictionary © Cambridge University Press)