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Q8. Consider the following statements about Windfall Tax: 1. A tax levied by governments against certain industries when economic conditions allow those industries to experience above-average profits. 2. Windfall taxes are primarily levied on the companies in the targeted industry that have benefited the most from the economic windfall, most often commodity-based businesses. |
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Answer» Q8. Consider the following statements about Windfall Tax: 1. A tax levied by governments against certain industries when economic conditions allow those industries to experience above-average profits. 2. Windfall taxes are primarily levied on the companies in the targeted industry that have benefited the most from the economic windfall, most often commodity-based businesses.
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