Second, it measures ability-to-pay in terms of windfall profit
, the amount of yearly gain in shareholders' wealth after deducting the return that compensates shareholders' for a normal investment return.
It is fundamental that windfall profits
be taxed because the companies' huge earnings are not the result of company management but rather the jump in prices.
Nigeria's Excess Crude Account (ECA) was created to save windfall profits
from periods of high oil prices.
Lawmaker Sanjaasurengiin Oyun told AFP on the sidelines of the conference that scrapping the windfall profits
tax would open doors for Ulan Bator.
It is no longer acceptable for the Government to stand on the sidelines while such astronomical windfall profits
are raked in.
The Democratic proposal would have imposed a windfall profits
tax of up to 25 percent on "unreasonable" earnings by the nation's five biggest oil companies.
UK power companies stand to gain windfall profits
of billions of pounds from Europe's Emissions Trading Scheme (ETS), according to a new report.
The TUC said official estimates showed that the electricity industry would make windfall profits
of pounds 9 billion over the next few years thanks to a European emissions trading scheme.
Ms Kroes said: "We must make sure that public funds do not just provide windfall profits
to companies which would have paid for the training as part of their business.
But the Government's aim to tax the windfall profits
on large-scale housing projects to pay for the infrastructure has been undermined.
The size of the fund will likely reach 30 billion yen with the number of brokerages expected to return the windfall profits
or contribute funds to the account exceeding 50, sources familiar with the matter said.
Bush, whom they accuse of putting into place the politics of short-term greed, like letting fuel prices spiral out of control, which this year gave the big oil companies huge windfall profits