windfall profits tax

windfall profits tax definition - finance
A tax passed by Congress on sudden profit windfalls. The windfall tax was directed at energy companies that had benefited from the sharp rise in oil prices during the OPEC oil embargo of the early 1970s.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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