Windfall gains tax is a tax imposed on unexpected profits. It targets businesses or individuals who experience sudden financial windfalls. This tax aims to redistribute wealth. It is often applied to sectors like natural resources or finance. Critics argue it may deter investment. Proponents believe it promotes fairness. The tax's implementation varies by country and context. Its impact on the economy can be significant.
The Government of India revised the windfall gains tax, structured as the Special Additional Excise Duty, on petroleum product exports effective from 16 May 2026. Under the updated...
