"Windfall profits" refers to unexpected or sudden large profits that are obtained by someone or a company, typically due to a fortunate circumstance, such as a sudden increase in demand or a decrease in costs of production.
Full definition
Having inside knowledge of political decisions that will affect population movements and land use gives opportunities for
windfall profits for corrupt individuals.
There is the taking advantage of ignorance; manipulating people to purchase expensive things in time of bereavement; preying on the distressed; weishing on a bet; doing shoddy workmanship; raising prices for
windfall profit in times of shortages; having your child lie to get a cheaper rate; falsifying your income tax form, or estimating your deductions very liberally; manipulating long distance telephone lines to send messages without having to pay.
For example, and in my opinion, the specification of a bird's nest upon the ground does not invalidate the principle of «showing mercy during a time
of windfall profits».
So BigPharma can corner the market, patent the process and
make windfall profits by overcharging both dispensers and users?
The first phase of the EU ETS — from 2005 to 2007 — drew criticism for not achieving substantial cuts in emissions, and for giving firms
windfall profits by distributing carbon allowances for free.
«To stabilize our climate, reductions need to be based on science, not on
creating windfall profits for the world's largest polluters,» said Matt Leonard.
Buying shares of major renewable energy and infrastructure companies now, before the spending begins and while they're still cheap, will
provide windfall profits as the projects are executed over the next few years.
It best complies with the «polluter pays principle» and avoids
giving windfall profits to certain sectors that have passed on the notional cost of allowances to their customers despite receiving them for free.
News of Walmart's investment was cheered by supporters of the tax plan, which slashes the U.S. corporate tax rate from 35 percent to 21 percent and includes other features expected to
generate windfall profits for companies.
-- Health care insurance
windfall profit fee ($ 140 million): Health insurers are in line for big cuts to their expenses thanks to the federal tax overhaul, and Cuomo wants to slap a 14 - percent surcharge on profits to help cover the state's rising health care costs.
But the European system also has come under fire for doing too little to stop pollution and for creating
vast windfall profits for some industries, like coal - burning utilities.
What we have instead is a stealth tax which will do little to change investment decisions, will load high costs onto consumers and
produce windfall profits for existing nuclear generators.
What is more disconcerting is that certain Chinese and Indian plants, which have already
received windfall profits from the Clean Development Mechanism (CDM) of the UNFCCC to destroy the HFC - 23 by - product, are holding the world hostage by threatening to set off a climate bomb if they don't receive millions of dollars for the destruction of the HFC - 23 they are producing.
Other analysts have pointed out that countries like China are poised to
reap windfall profits by selling excess carbon credits simply by not undertaking certain types of energy developments.
Moreover, a recent Reuters analysis showed few of China's listed companies are
using windfall profits this year to reduce massive debts despite Beijing's campaign to rein in risks.
Gov. Andrew Cuomo's plan to deal with a $ 4.4 billion state budget deficit includes a
new windfall profit tax on health insurance companies in New York.
Those fortunate enough to have access to high finance, made
windfall profits merely by virtue of being in the so - called right place at the right time.
The hard work has probably been delayed by
early windfall profits from ebook backlists, with major publishers still reporting good results, despite the mayhem in the book trade.
Market players routinely ignore these rules, blinded by an overwhelming fear they'll miss the rally or sell off while everyone else
books windfall profits.
Critics complained that big energy producers reaped
windfall profits at the expense of manufacturers and consumers.
With
such windfall profits accruing to the industry, there's plenty of latitude for investment in technologies that promise to secure its future.
With those doubts neatly planted in the press, the public shrugs, politicians push the problem off to another day, and ExxonMobil parries new fossil - fuel regulations, earning
more windfall profits in exchange for a pittance to the skeptics and their work.
For day traders, the intraday trend makes the difference between a session
of windfall profits and one of major losses.
No, this bill is not a reasonable first step, but a disastrous trap that would inhibit meaningful action while
providing windfall profits to serial polluters, picking the pockets of ordinary citizens.
Webb advocated a «
windfall profits tax on the executives of any of these companies that got more than $ 5 billion» in the bailout.
As allowances still have a market value, energy companies can (partially) charge the value of allowances to consumers and
generate windfall profits.
Those include a tax on vapor products, a 2 - cent per milligram tax on opioid prescriptions framed as a way to combat the heroine addiction epidemic, and a «
windfall profit fee» on health insurance companies.
As a result, access to, control over and ownership of land, particularly in economically desirable areas, enables individuals and companies to earn
vast windfall profits.
If they were also given allowances for free, the power generators would effectively be
receiving windfall profits — extra money for nothing.
The idea you're going to
make windfall profits from plodding utilities is ludicrous: a) Like bonds, these safe stocks are rapidly becoming dangerous investments due to yield compression, and b) any secular rise (let alone a step - change) in water costs will inevitably sqeeze them, not help them — governments will impede / forbid them to raise prices accordingly!
«To stabilize our climate, reductions need to be based on science, not on
creating windfall profits for the worldâ $ ™ s largest polluters,» said Matt Leonard.
Since all farm - outs generally require formal approval by the designated host state authority, Hesse says that host states «will want to make sure that the transaction complies with its regulatory and fiscal regime in all respects», making them «a source of disputes where the return from the farm - out is treated as capital gains or
windfall profits by the host state».
I wonder if the transition costs should also be borne by the farmers who sold their quotas for
windfall profits.
Speaking of which, if the government believes the market is dramatically mis - pricing the future price of oil, should they not be buying up oil futures to provide
windfall profits to taxpayers?
And while the media will likely report this as
a windfall profit the reality is that this is a huge drag on the aggregate economy.
VICTORIA — New Democrats took Premier Christy Clark to task in the legislature over her failure to deliver on empty promises of jobs and
windfall profits from LNG.
As long as the patent is valid, the company has a monopoly, leading to
windfall profits.
If you recall, this bank tax was meant to persuade the banks to build up their capital reserves by retaining 2009's
windfall profits (which at investment banks were gained trading the broken markets and Government special measures that the banks themselves caused).
Health care «
windfall profit» tax — There is no justification to impose a new state tax on a single business sector, as proposed here, in response to an across - the - board reduction of federal corporate tax rates.