Corporate profits

If corporate profits are increasing, then why are corporate tax revenues decreasing?

Apparently this is one of the great scandals of our time. The way corporate profits are soaring ever higher and yet corporate tax revenues are falling to increasingly low levels as a percentage of both GDP and total tax revenues. Obviously, this has been some change in the war between the plutocrats and the people […]

Corporate profits

The 30-year golden age of corporate profits is coming to an end

Photo by Alex Menendez / Getty Images According to the latest publication from the McKinsey Global Institute (MGI), the streak of three decades of extraordinary earnings growth for the world’s largest companies may be coming to an end. “Over the past three decades, companies have enjoyed record growth in profits, new market opportunities and lower […]