Excess Profits, Windfall Taxes and Incentives

Is it right that businesses making what look like windfall profits pay windfall taxes? And do the recent announcements from the government to lower taxes in general lead to economic growth? Evan Davis and guests discuss.GUESTSIrem Guceri, Associate Professor Economics and Public Policy, Blavatnik School of Government, OxfordProfessor Michael Jacobs, Professor of Political Economy, Sheffield UniversityCharlie Mullins, Businessman and Founder, Pimlico PlumbersDan Neidle, Founder, Tax Policy Associates Ltd. PRODUCTION TEAMProducer: Julie Ball Editor: Richard Vadon Sound Engineers: Graham Puddifoot/James Beard Production Co-ordinators: Siobhan Reed and Helena Warwick-Cross