Senate approves one-time windfall tax on banks’ foreign profit
![Senate approves one-time windfall tax on banks’ foreign profit](https://cdn.punchng.com/wp-content/uploads/2022/03/02161020/senate.jpg)
The Senate has approved President Bola Tinubu’s request to amend the Finance Act to impose a one-time windfall tax on banks’ foreign exchange profits in 2023. This request was contained in a letter sent on Wednesday and read by Senate President, Godswill Akpabio. A windfall tax is a higher tax levied by the government on
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