What is windfall tax? Will it affect soaring energy prices?

June 02, 2022 08:42 AM BST | By Team Kalkine Media

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Amid the growing demand for a windfall tax, UK PM Boris Johnson declined to rule out the one-off levy. Supporters of the tax are arguing that the oil giants have been making tremendous profits lately, and thus they should give away a share of their profits to reduce the burden on the UK households’ bills. Know more about windfall tax and its impact on soaring energy prices in this video by Kalkine Media.

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