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U.S. Congressional Research Service Publishes Report on Crude Oil Windfall Profits Taxes

|Proposed Changes|United States
United States

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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