The $1,700 federal tax credit to support private school tuition delivers a long-sought victory to Orthodox Jewish advocacy ...

A quiet home equity tax could cost 2 out of 3 Washington homeowners thousands when they sell, unless Congress steps in.

The UK government plans to scrap its windfall tax on oil and gas companies if energy prices fall below certain levels, abolishing a levy that has raised around £2.8 billion ($3.5 billion) since ...

The windfall tax affects businesses and industries by targeting companies with unexpected or high profits. It can increase costs, change financial strategies, and impact decisions on growth or ...

LONDON, May 26 (Reuters) - Britain announced a 25% windfall tax on oil and gas producers' profits on Thursday to help fund a 15 billion pound ($18.9 billion) package of support for households ...

Note: If you received the windfall on the last day of 2024, you can still make contributions up until the 2025 tax filing deadline of April 15, 2025. Roth IRAs ...

Windfall tax is a tax levied by governments against certain industries when economic conditions allow those industries to experience above-average profits.

What are the arguments against a windfall tax? Oil and gas companies already pay an elevated rate of corporation tax, at 30% on their upstream profits - compared to 19% for most other companies.

Is a windfall tax popular? Almost two thirds – 63 per cent – of the UK public support the idea of a one-off levy on energy giants, according to a new poll shared exclusively with The Independent.

A windfall tax can reduce a country’s competitiveness by discouraging foreign investment. Companies might move to countries with lower taxes, causing job losses and less economic activity at home.