Price-Gouging Oil Companies Need to Pay a Windfall Tax

13 March 2022 by Mike Bond

A Chevron gas station on Tuesday, March 8, in Tustin, Calif. The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 8.9 cents Tuesday, its 30th record in 32 days. (Gary Coronado/Los Angeles Times) Subscribe to the nation Subscribe now for as little as $2 a month! Thank you for … Read more

What is a windfall tax? Labour demands one-off levy on gas and oil firms

2 February 2022 by Sarah Jones

The Labor Party is calling on the government to introduce a windfall tax on gas and oil firms, as millions of UK households face a sharp rise in energy bills this spring. Today (February 1st), Labor will put forward a motion in Parliament proposing that energy producers are subject to a one-off windfall tax, amid … Read more