Latest updates for Windfall Profits Taxes

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Recent items include:

  • We Already Have a Windfall Profits Tax. It’s Called the Corporate Income Tax.
  • Poland’s Windfall Profits Tax: Short-Term Fiscal Gains for Long-Term Economic Costs
  • Oil companies are making billions. In the U.S., calls to tax their windfall are growing

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taxfoundation.org /1 month ago

We Already Have a Windfall Profits Tax. It’s Called the Corporate Income Tax.

Military action around the Strait of Hormuz has increased global oil prices. In response, policymakers around the world have put forward proposals targeting oil and gas producers w...

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taxfoundation.org /1 week ago

Poland’s Windfall Profits Tax: Short-Term Fiscal Gains for Long-Term Economic Costs

Poland is currently moving forward with legislation aimed at introducing a windfall profits tax. In doing so, it is following a broader European trend of renewed interest in such t...

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npr.org /11 hours ago

Oil companies are making billions. In the U.S., calls to tax their windfall are growing

Higher oil prices since the Iran war began mean many oil companies have brought in excess profits. Some U.S. lawmakers want to tax those windfall profits and give the money to lowe...

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taxfoundation.org /1 week ago

A Few Problems with Targeting Energy Companies with a Stock Buyback Tax

Introduced by Sens. Chuck Schumer (D-NY), Ron Wyden (D-OR), and Michael Bennet (D-CO), The Taxing Buybacks from Big Oil Windfalls Act would raise the stock buyback excise tax from...

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taxfoundation.org /6 days ago

A Taxing Approach to High Energy Costs Will Backfire

If you want more energy production, taxing producers is the wrong place to start. And if you want to tax companies more if they’re making big profits, the corporate income tax alre...

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natlawreview.com /1 day ago

Wealth Tax Watch- A Mid-Year Update

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newsamericasnow.com /3 weeks ago

Windfall Tax Or Nation Building? The Question Antigua and Barbuda Must Answer

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rte.ie /6 days ago

Call for introduction of windfall tax fossil fuel profits

Europe's Laudato Si' Movement has called on Ireland to introduce a windfall tax on fossil fuel profits and commit to a fast, fair phase-out of coal, oil and gas as part of the EU P...

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tribune.com.pk /1 month ago

Govt mulls 20% windfall gain tax

Sets up panel to address salary freeze issue of foreign-qualified professors

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ndtvprofit.com /1 month ago

'No Super-Normal Profits': Govt Sources Share OMC Earnings Math To Trash Windfall Charge

Officials also stressed that nearly half of OMC profits flow back to the Government of India as dividends, alongside corporate taxes, financing public infrastructure such as roads,...

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jamaicainquirer.com /3 weeks ago

Windfall Tax Or Nation Building? The Question Antigua and Barbuda Must Answer 

News Americas, NEW YORK, NY, Mon. June 22, 2026: Every generation is confronted by a question that reveals what kind of ...

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dailymail.com /1 month ago

Scrap the energy windfall tax and unlock a North Sea bounty, BP tells ministers

BP's statement comes as industry body Offshore Energies UK said operators are ready to put £17.5bn into new oil and gas projects if the tax burden is cut.

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westernjournal.com /1 week ago

Democrats Try to Grave-Rob Jimmy Carter's Oil Tax

Democrats are trying to revive a Carter-era redistribution tax targeting oil producers. Democratic Rhode Island Sen. Sheldon Whitehouse and Democratic California Rep. Ro Khanna rei...

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natlawreview.com /1 month ago

Federal Court Vacates IRS Notice 2025-42- Five Percent Safe Harbor May be Restored for Wind and Solar Projects

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itep.org /1 month ago

States Can Raise Billions by Ending a Tax Giveaway to Big Tech

An advertising tax offers a way to raise significant money from a sector of the economy that has been getting a free ride for decades.

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natlawreview.com /1 month ago

Wealth Tax Watch: Washington’s Millionaires Tax Will Not Go to the Voters, and Updates to New York’s Taxes on Real Estat...

In our third installment recapping states’ efforts to impose new taxes on high net worth individuals, we provide updates on Washington’s Millionaires Tax, New York State’s efforts...

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ttnews.com /2 weeks ago

Tariff checks may give earnings a second-half jolt

Facing an estimated $166 billion in refunds, the Trump administration began processing repayments in April. The first round of repayments took place in May.

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itep.org /3 weeks ago

Why Corporations Must Pay More

Corporate tax reforms could be more resilient than proposals to tax wealth or unrealized capital gains while achieving the same goal of more adequately taxing the income of billion...

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thehindubusinessline.com /1 month ago

India hikes windfall tax on diesel and ATF exports, petrol levy unchanged

The move comes amid ongoing West Asia tensions and aims to ensure domestic fuel availability while discouraging excess exports.

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allthecanadianpolitics.tumblr.com /2 weeks ago

https://www.policyalternatives.ca/news-research/the-oil-industry-is-making-billions-from-the-iran-war-it-should-be-taxed...

The oil industry is making billions from the Iran war—it should be taxed | CCPA

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accountingtoday.com /1 month ago

US refunds $22 billion tariffs, offsetting customs revenue

Individual tax withholdings plus Social Security and Medicare taxes collected increased to $286 billion in May from $247 billion last year, while corporate tax receipts were down 6...

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ft.com /1 week ago

Iran war windfall puts Big Oil on collision course with Trump

Fuel price surge triggered by conflict brings pain for consumers but profit gusher for US groups

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moneytalksnews.com /1 month ago

Capital Gains Tax on Precious Metals: Is Gold Taxed Differently Than Other Investments?

The IRS classifies gold and silver as collectibles — not investments — which means profits on these popular inflation hedges can be taxed at rates up to 8 percentage points higher...

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taxprofblog.aals.org /1 month ago

WSJ: Stock Gains Without All the Taxes?

Miriam Gottfried & Peter Santilli (Wall Street Journal): Stock Gains Without All the Taxes? How the Hottest Trade on Wall Street Works With the stock market near record highs,...

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