PolicyEngine / PolicyEngine/policyengine-uk

Add windfall tax

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enhancement
Dominant language
Python
Stars
50
Forks
33
Avg merge
20h 58m
Merged PRs (30d)
14

Description

This is a tax on energy companies. We'd probably model it the same as corporation tax, so in the meantime we can guide users on calibrating a corporation tax reform to raise a certain amount of revenue (once we implement corporation tax https://github.com/PolicyEngine/policyengine/issues/452). Since it can be estimated from other taxes, and since the term windfall tax means multiple things (profits above a certain amount for utilities, as occurred in 1997, or Corbyn's $11 billion retroactive carbon tax proposal), I'm putting this in the icebox but tracking as it was a user request.

https://en.wikipedia.org/wiki/Windfall_Tax_(United_Kingdom)

Contributor guide

Open the contributing guide

First steps

  1. Read the whole issue, then the project's contributing guide.
  2. Comment on the issue to say you are picking it up — it saves two people doing the same work.
  3. Fork the repository and make your change on a branch.
  4. Open a pull request that references the issue number.

Research direction

Start by reviewing issue #452, since the request depends on corporation tax being implemented; no file, test, or entry point is named here. Clarify which windfall-tax definition is intended and whether the deliverable is calibration guidance or a separate tax model before implementation can be considered done.

Written by the indexing model from the issue text.

Assessment

Tech stack
python
Domain
backend
Issue type
Feature
Difficulty
5/5
Estimated time
Over a week
Activity status
Stale
Clarity
Needs clarification
Newbie friendliness
20/100

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