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Windfall tax on oil

Created by : Priyank Tewari, Product Development Manager, Reliance Petroleum  | 01 25 2009 19:59:01 +0000
Industry : Oil & GasFunctional Area : India(Markets)
Keywords : oil windfall tax
Activity:  299 views;  last activity : 07 06 2010 20:18:09 +0000

Should Windfall tax be applied on oil prices?

  
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This tax is made for difficult situations. Similarly, windfall tax represents a levy on an unexpectedly large profit, especially one regarded to be excessive or unfairly obtained.
By Padmaja Baskar, Product Development Manager, ONGC  01 25 2009 20:01:58 +0000
Arguments in: "Windfall tax on oil"
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Yes it should be applied as the oil rich countries were hiking the prices so in order to keep a check on our own economy so as the prices do not rise to such a large extent this tax needs to be applied.
By Priyank Tewari, Product Development Manager, Reliance Petroleum  | 01 25 2009 19:59:01 +0000
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The price fluctuation are due to either manipulation ( read artificial ) supply and demand or simply hedge fund activity.

Now that the prices have gone unexpected low levels what should be done for this reversal of fortune.
By Nazim Uddin, Tech Support Engineer, ZOC  | 02 10 2009 11:20:45 +0000
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