For this year, the government is planning to impose a 1-5 percent margin-based royalty tax on large-scale mines and a 1-10 percent windfall profit tax
'At this moment the government has no plans to implement a windfall profit tax
on the banks.
"We are for retaining the current four percent excise tax, plus a royalty tax and a windfall profit tax
that would replace the proposed government share.
"The Windfall Profit Tax
on Crude Oil: Overview of the Issues." Congressional Research Service Report for Congress, September 12.
"China needs to reduce the windfall profit tax
to accommodate struggling producers.
"Highlights of the 2012 Budget" posted on the Ghana government website in mid-November include a statement that "Beginning in the fiscal year 2012, the following changes to the taxation of mining activities will apply: the corporate tax rate for mining companies will be increased from the current 25% to 35%; a windfall profit tax
of 10% will be collected from all mining companies; and a uniform regime for capital allowance of 20% for five years for mining, as is the case in the oil and gas sector, is also established."
Mike has authored numerous tax papers and several law review articles as well as a treatise on the "Windfall Profit Tax
Act of 1980."
The book consists of four edited and augmented Congressional Research Service (CRS) reports from 2006 to 2008, on the crude oil windfall profit tax
of the 1980s and implications for current energy policy; oil industry financial performance and the windfall profits tax; current status and analysis of gas tax subsidies; and the use of profit by the five major oil companies.
And impose a windfall profit tax
on oil companies in order to provide a $1,000 emergency rebate to American middle class families.
"Shale developments are highly capital intensive and a windfall profit tax
assessment being discussed in Congress would directly and immediately reduce investment in U.S.
His abandonment of the windfall profit tax
on the greedy energy companies as a "gimmick" (trust me, Gordon, you really, really NEED a gimmick) was rendered ridiculous by the fact it was him who'd led us on in the first place.
The context of the proposals lies in the Crude Oil Windfall Profit Tax