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Taxe sur les Profits Exceptionnels

English translation: Tax on special profits


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01:03 May 14, 2011
French to English translations [PRO]
Bus/Financial - Law: Taxation & Customs / petroleum taxes on profits
French term or phrase: Taxe sur les Profits Exceptionnels
la Taxe sur les Profits Exceptionnels récemment annoncée par le gouvernement algérien comme applicable aux revenus des compagnies pétrolières étrangères intervenant en Algérie en vertu de contrats existants soumis à la loi 86-14

Is this a windfall profits tax?

This is a US legal document.
Thanks for your help.
Denise DeVries
United States
Local time: 14:37
English translation:Tax on special profits
Explanation:
http://www.ey.com/Publication/vwLUAssets/Special_Levy_on_pro...$FILE/Tax_alert_en_december_2009.pdf
Selected response from:

La Classe
Local time: 00:07
Grading comment
My team found some links supporting this term.
3 KudoZ points were awarded for this answer



Summary of answers provided
4 +3windfall profit taxcc in nyc
3Tax on special profits
La Classe


  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Tax on special profits


Explanation:
http://www.ey.com/Publication/vwLUAssets/Special_Levy_on_pro...$FILE/Tax_alert_en_december_2009.pdf

La Classe
Local time: 00:07
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 3
Grading comment
My team found some links supporting this term.

Peer comments on this answer (and responses from the answerer)
neutral  cc in nyc: URL didn't work for me
1 hr
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4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
windfall profit tax


Explanation:
It's very possible... I haven't tracked down the 1986 law, but I have found several references that provide ""windfall profits" as a gloss for "profits exceptionnels" (or vice versa):

http://www.law-now.com/dmemails/thealgerian300909.htm?cmckre...
http://chenry.webhost.utexas.edu/oil/2006/syll-2006 Hydrocar...
http://www.gide.com/front/files/EuromoneyYearbook_GLN_Hydroc...

Plus iate ( http://iate.europa.eu ) gives "windfall profit" for "profit exceptionnel." And so does this bilingual webpage: http://www1.oxfordbusinessgroup.com/economic_updates/tighten...

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Note added at 4 hrs (2011-05-14 05:30:22 GMT)
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But "windfall profit tax" is not the only possibility. For instance, the GDT ( http://www.granddictionnaire.com ) gives "extraordinary income" for "profit exceptionnel," so you will have to decide.

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Note added at 5 days (2011-05-19 14:49:23 GMT) Post-grading
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Post grading... I just had another idea for googling and found the following:

"Algeria looking to implement oil and gas windfall tax" (energy-pedia news, 13 July 2006) http://www.energy-pedia.com/article.aspx?articleid=111838

"LONDON — Algeria, long seen as an energy investment hot spot, has taken a step toward resource nationalism with plans to take back some windfall profits from foreign operators." (New York Times, July 14, 2006) http://www.nytimes.com/2006/07/14/business/worldbusiness/14i...

"Algeria agrees oil windfall tax" (BBC News, 15 Oct 2006) http://news.bbc.co.uk/2/hi/business/6053120.stm

These additional references might serve others, even if they don't serve the Asker's context. ;-)

cc in nyc
Local time: 14:37
Native speaker of: English
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  rkillings: with 'windfall'. Stay away from 'extraordinary'.
34 mins
  -> Thank you! (I think so too since oil is involved in the Asker's source text.)

agree  B D Finch
4 hrs
  -> Thank you!

agree  AllegroTrans
12 hrs
  -> Thank you!
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Non-PRO (1): cc in nyc


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Changes made by editors
May 14, 2011 - Changes made by writeaway:
FieldLaw/Patents => Bus/Financial
Field (specific)Law (general) => Law: Taxation & Customs


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