Corporate profits

2021 9 Months: Corporate profits soar despite the exchange rate crisis, poverty, insecurity.

Nigerian businesses have dismissed the rising inflation rate and the exchange rate crisis to record higher revenues and profits. Blockbuster results: An analysis of the financial statements of 32 of the most capitalized companies on the stock exchange (excluding commercial banks) found that the companies recorded an aggregate turnover of 5.9 trillion naira in the […]

Corporate profits

Americans are better than ever. Why progressive critics of corporate earnings miss the mark – The Madison Leader Gazette

About the Author: Edouard Yardeni is the president of Yardeni Research and author of Praise the profits! Most Americans are better off today than ever. It’s an easy fact to verify, but to say it these days is to risk being arrested by the cancellation culture police. This flies in the face of a fundamental […]

Corporate profits

Americans are better than ever. Why progressive critics of corporate earnings miss the mark

Illustration by Ben Mounsey-Wood Text size About the Author: Edouard Yardeni is the president of Yardeni Research and author of Praise the profits! Most Americans are better today than ever. It’s an easy fact to verify, but to say it these days is to risk being arrested by the crop cancellation police. It flies in […]

Corporate profits

Billions of ‘JobKeepers’ boosted Australian business profits while casual workers were cut

The first year of the COVID-19 pandemic produced the largest direct transfer of public money ever to increase corporate profits, at the direct expense of the working class. More than half of the $ 89 billion in federal JobKeeper wage subsidies paid during the initial period of the pandemic went to companies, whose turnover did […]

Corporate profits

Senate Democrats release minimum corporate income tax | Brownstein Hyatt Farber Schreck

On Tuesday evening, Senate Finance Committee Chairman Ron Wyden (D-OR) and Senses Angus King (I-ME) and Elizabeth Warren (D-MA) released a bill to impose a minimum tax to some large companies. The proposal is co-sponsored by Les Sens. Michael Bennett (D-CO), Edward Markey (D-MA) and Sheldon Whitehouse (D-RI). Proposal details The minimum corporate income tax […]

Corporate profits

Joe Biden targets corporate profits, rich to pay $ 1.75 trillion spending bill

President Biden on Thursday proposed a series of new taxes on business and the wealthy, arguing it was time to end the era of the “trickle-down economy.” After months of negotiations and delays, Mr Biden announced the tax increases under his long-standing $ 1.75 trillion social protection and climate change bill. Taken together, the deal […]

Corporate profits

Warren Introduces Bill to Levy 15% Minimum Tax on Corporate Profits

As Democrats run out of options to fund their reconciliation bill, key senators including Senator Elizabeth Warren (D-Massachusetts) have introduced a bill that would ensure big corporations pay a rate minimum tax. This would prevent companies from exploiting the tax system to pay a zero or negative effective tax rate. Minimum corporate income tax would […]

Corporate profits

Democrats unveil minimum corporate profit tax forcing richest companies to pay 15% rate

Three Democratic senators on Tuesday unveiled a bill that would require around 200 U.S. companies to pay a minimum tax rate of 15% The proposal, titled “The Corporate Profits Minimum Tax” is sponsored by Senators Elizabeth Warren (D-Mass.), Angus King (I-Maine) and Senate Finance Committee Chairman Ron Wyden (D-Ore.) And co-sponsored by Senators Michael Bennet […]