U.S. Congressional Research Service Publishes Report on Crude Oil Windfall Profits Taxes
The U.S. Congressional Research Services (CRS) has published an "In Focus" report dated 23 March 2022 on Crude Oil Windfall Profits Taxes: Background and Policy Considerations. The report has been drafted considering congressional interest in a crude oil windfall profits tax (WPT) following recent increases in gasoline prices and reports of high profits by large oil companies. The report provi…
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