“Windfall profit taxes are only for one year: you pay a political price for raising taxes, you get a lot of resistance… If you do a windfall profits tax more than once, people start to react and you start to lose confidence in the policy,” he said, noting that it is not an effective solution. The reintroduction of the tax could prompt banks to change their profit policies in anticipation of the next increase. “It is very reasonable for them to prepare for the third time, because there is a possibility that it will happen again.” Ukraine’s need for domestic revenue has been consistently high …