Despite its name, the windfall profits tax
was actually an excise tax on oil, applied to the difference between the market price of crude and a "statutory 1979 base price" that was adjusted quarterly for price inflation and state severance taxes.
The windfall profits tax
was very unfortunate because it suddenly made Mongolia one of the toughest tax regimes for mining," Oyun said.
For example, the Windfall Profits Tax
of the 1980s resulted in lower domestic oil production, higher oil imports, and a depressed U.
The Algerian energy minster, Chakib Khelil, says he's still waiting for international oil companies' reaction to the proposed new law introducing the windfall profits tax
on oil, along with a move to give the state-owned oil firm Sonatrach a 51% interest in their contracts.
International oil companies (IOCs) are calling for further clarification of Algeria's hydrocarbons regime, with continued confusion about a new windfall profits tax
A windfall profits tax
is in the air, and we've seen what happens to other companies that dare to resist Congressional intimidation.
org believe that oil companies are gouging gasoline consumers, and four out of five (including 76 percent of Republicans) would support a windfall profits tax
specifically to fund alternative energy research.
called for a windfall profits tax
on oil companies; the Department of Energy placed a Gas Price Hotline link prominently on its homepage; and Sen.
And yesterday the industry was told to buck up or see a growing clamour for a windfall profits tax
There might also be a windfall profits tax
on more fortunate institutions.
He said he would impose a windfall profits tax
on US oil companies if he was elected.