Economic trendspotters at the United Nations are seeing an increasing number of windfall profit taxes aimed at abnormal levels of profitability amid high inflation. “Windfall profit taxes were prominent among measures introduced in developed countries,” economists with the UN Conference on Trade and Development wrote in their 2023 World Investment Report released Wednesday. “Several developed countries introduced taxes aimed at ensuring a fair distribution of profits in industries that have experienced significant gains because of the pandemic and financing recovery programs or subsidies for energy consumers,” they said. Countries including the United Kingdom, Italy, Portugal, Ro
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