What is a Windfall Tax?

A tax on unexpected profits A tax on inherited wealth A tax on lottery winnings A tax on regular business income

What is the primary reason governments impose Windfall Taxes?

To regulate market prices To discourage excessive profits To increase government revenue To promote fair competition

Which of these situations could potentially lead to a Windfall Tax being imposed on a company?

Successful marketing campaign Improved production efficiency A sudden surge in commodity prices Long-term investment returns

When was the Windfall Tax first introduced in India?

1970s 1990s 2000s 2022

What was the primary reason for India's introduction of the Windfall Tax in 2022?

To curb excessive profits of oil companies To stabilize domestic fuel prices To address a shortage of energy products To align with international taxation trends

Why are many countries currently considering imposing Windfall Taxes?

To reduce reliance on fossil fuels To address income inequality To capitalize on recent economic growth To respond to rising energy prices