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WINDFALL PROFITS
South Korea labour minister calls on tech firms to share excess AI profits with suppliers, staffIn an interview, Kim Young-hoon told Reuters that companies like Samsung Electronics that outperform profit targets should consider sharing...- SpaceX, OpenAI windfall fuels bets on next-wave Asian AI winnersAnticipating significant capital raises from tech giants like SpaceX and OpenAI, investors are shifting focus to Asian supply chain compani...
- Oil firm TotalEnergies chief to face French parliament over war-time windfall profitsPatrick Pouyanne, the chief of energy giant TotalEnergies, will face a grilling next month. The French parliament's finance committee will ...
- South Korea’s radical 'AI dividend' proposal: A bold future or a market nightmare?South Korea is discussing sharing the wealth generated by artificial intelligence. A government official suggested distributing AI profits,...
- Ukraine is hitting oil facilities deep inside Russia. Soaring fuel prices could blunt impactUkrainian drones are hitting Russian oil facilities deep inside the country. These attacks aim to cut funding for the war. While the econom...
- India received highest number of regressive tax recommendations from IMF: OxfamAn Oxfam report highlights the International Monetary Fund's (IMF) tax advice. India received the most regressive recommendations between 2...
- Israel, Iran war: Five EU finance ministers call for windfall profit tax on energy companiesUS-Israel Iran War: Five European Union nations are urging for a windfall tax on energy companies. This call comes amid soaring fuel prices...
- India’s crude oil supply fully secured, no payment hurdle for Iranian imports: Petroleum MinistryIndia's crude oil supplies are fully secured for upcoming months, with the Ministry of Petroleum and Natural Gas dismissing reports of disr...
- Windfall tax on crude hiked to Rs 2,300 per tonneIn its last review on December 18, the government had sharply cut the windfall profit tax on crude oil produced in the country to Rs 1,300 ...
- India raises windfall tax on crude by Rs 1,000; removes taxes on diesel, ATFPetrol, Diesel Rates: India has significantly increased the windfall profit tax on crude oil from Rs 1,300 to Rs 2,300 per tonne. Simultane...
- Govt reduces windfall gain tax on crude production, ATF and diesel exportIndia first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies....
- Windfall profit tax on crude oil halved, levy on export of diesel too slashedThe tax on crude oil produced by firms such as state-owned Oil and Natural Gas Corporation (ONGC) has been reduced to Rs 4,900 per tonne fr...
- Will taxing the windfall profits of oil giants fix countries' economies?There is fierce debate over whether imposing an extra tax on windfall profits to subsidize energy users would ultimately worsen the problem...
- Centre raises windfall profit tax on diesel, ATF export; hikes tax on domestic crude oilThe government also hiked the levy on domestically produced crude oil too by Rs 3,000 per tonne to Rs 11,000 in line with the hardening glo...
- Windfall tax cut on oil producers on expected lines; hike in levy on ATF, diesel exports surprises analystsAt the third fortnightly review, the government has increased the windfall profit tax on the export of diesel to Rs 7 per litre from Rs 5 a...
- Gas pricing will ensure profit, not windfall profit: Arun JaitleyThe increase in rate, approved the Cabinet Committee on Economic Affairs (CCEA) on Saturday, balances interests of oil and gas explorers .
- Goa would strive to reduce windfall profits by mine owners: CM Manohar Parrikar"The method has to be properly devised to ensure that the mine owners don't earn windfall profits once mining restarts," Parrikar said.
- Tax windfall profitsThe mines ministry has done well to propose a windfall tax on minerals like iron ore.
- ONGC favours windfall profit taxPublic sector oil exploration major ONGC today said it is receptive to the idea of windfall profit tax on oil companies. The Left parties h...
- Impose tax on windfall profits of pvt oil cos: CPM tells GovtOpposing any move to hike petrol prices, the CPI(M) today asked the government to impose a 'windfall profit tax' on private and JV oil firm...
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