Windfall Tax News

Ahead of a crucial autumn budget, UK bank executives are concerned about potential new taxes on their profits, as Chancellor John Healey reportedly considers a

The government has revised the windfall tax from September 1, increasing petrol export duty from 0 to ₹1.5/litre and diesel by ₹1, while cutting the ATF levy by

India has increased windfall taxes on petrol and diesel exports while simultaneously reducing the levy on jet fuel. These adjustments reflect the volatility in

India's petroleum product exports increased by 8% in July, with diesel exports rising from 2.2 million tonnes to 2.4 million tonnes compared to the previous yea

Over 100,000 North Sea oil and gas jobs are projected to disappear by 2050, following Labour's manifesto pledge to ban new licences and continue with a windfall

Oil and gas companies are projected to receive a $495 billion cash windfall in 2026, leading to calls for windfall taxes from President Trump and several member

JP Morgan CEO Jamie Dimon has warned the UK chancellor, John Healey, against hiking taxes on banks, stating that a windfall tax on the sector's profits could ha

The Centre has reduced the windfall gains tax on petrol, diesel, and ATF exports, effective today, weeks after increasing rates due to rising tensions in West A

As UK banks report soaring half-year profits, calls are growing for a windfall tax to help ease cost of living pressures, suggesting a potential political battl

Campaigners are calling for a UK bank tax to fund cost of living support, potentially raising £19bn, after HSBC reported £7.5bn in profits. HSBC's profits rose

India has increased the windfall tax on petrol exports to Rs 3.5 per litre and diesel exports to Rs 24 per litre, effective August 3. This move is part of the g

BP has announced the sale of its North Sea business after decades of production, a move branded as a 'defining moment' amid calls for urgent windfall tax action

Shell के मुनाफे में दूसरी तिमाही में दोगुने से अधिक की वृद्धि हुई है, जो तेल और गैस की कीमतों में उछाल के कारण $9.84 बिलियन तक पहुंच गया है। पर्यावरणीय समूहों न

Andy Burnham is being urged to impose a tax on banks, which are expected to announce significant half-year profits, with critics suggesting a windfall could fun

Following increased oil prices due to the Iran war, oil companies are reporting significant profits, leading some U.S. lawmakers to propose a windfall tax to be

The government has increased the Special Additional Excise Duty (SAED) on diesel exports to ₹15.5 a litre and on ATF exports to ₹14.5 per litre, while reducing

India has adjusted its windfall taxes on fuel exports, effective July sixteenth, reducing the export duty on petrol to 2.5 rupees per litre while increasing lev