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Questions and Answers
What is the purpose of a windfall tax?
What is the purpose of a windfall tax?
- To reduce income inequality in society
- To discourage excessive profits in specific industries (correct)
- To encourage businesses to invest in renewable energy
- To provide financial support to small businesses
Which of the following events might trigger the imposition of a windfall tax?
Which of the following events might trigger the imposition of a windfall tax?
- Expansion of a company's charitable activities
- Discovery of a new, highly profitable resource (correct)
- Successful implementation of a company's cost-saving measures
- Government subsidies for research and development
How does a windfall tax impact a company's profits?
How does a windfall tax impact a company's profits?
- It increases the company's market share
- It reduces the excess profits earned by the company (correct)
- It leads to higher investment in marketing and advertising
- It promotes diversification of the company's product line
Which type of tax is imposed on oil, gases, and petroleum products?
Which type of tax is imposed on oil, gases, and petroleum products?
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What is the primary purpose of the tax imposed on oil, gases, and petroleum products?
What is the primary purpose of the tax imposed on oil, gases, and petroleum products?
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Which of the following taxes is NOT imposed on oil, gases, and petroleum products?
Which of the following taxes is NOT imposed on oil, gases, and petroleum products?
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