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.
