Tag: windfall tax

Windfall Tax | Vedanta deducts million from govt.’s profit to make up for tax paid

Windfall Tax | Vedanta deducts $91 million from govt.’s profit to make up for tax paid

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Vedanta Ltd has withheld about $91 million from the share of profit due to government from its oil and gas fields against the 9-month-old windfall tax. In signs of protests against the 9-month-old windfall tax, mining mogul Anil Agarwal’s Vedanta Ltd has withheld about $91 million from the share of profit due to government from […]

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Explained | What is windfall tax and why are countries imposing it on the energy sector right now?

Explained | What is windfall tax and why are countries imposing it on the energy sector right now?

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Big energy companies clocked huge profits in the first half of this year, making record windfall gains which governments have tried to rein in   Big energy companies clocked huge profits in the first half of this year, making record windfall gains which governments have tried to rein in   The story so far: Finance Minister Nirmala […]

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