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...The government believes as much as €11bn — nearly half of this year’s projected €24.5bn corporation tax haul — amounts to a “windfall” of exceptional profits paid by a small number of firms....
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...Rebecca Dell, a veteran of the Obama-era Department of Energy, who now directs the non-profit ClimateWorks Foundation’s industry program, said the funding catalyses projects that fall between early-stage...
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...Declining tax rates accounted for a hefty 22 per cent of the profit growth of S&P 500 non-financial groups in the three decades to 2019, a study by the Federal Reserve’s Michael Smolyansky has shown....
...Labour has already committed to capping corporation tax at 25 per cent for the next parliament....
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...The historic win in the district court of The Hague in May 2021 for the Dutch wing of Friends of the Earth, Milieudefensie, spawned a series of copycat cases by non-profit groups against multinationals,...
...The slowdown in activity by non-profit housing associations, which build and run much of the UK’s affordable housing, has also caused concern among private developers....
...When White joined from media regulator Ofcom in 2020, she pledged to build and rent out 10,000 homes as part of plans to generate 40 per cent of profits from non-retail operations....
...The global minimum tax, which came into effect from January 1 across the EU, UK and a clutch of other big economies, applies an effective tax rate of at least 15 per cent on profits on large multinationals...
...From January 1, countries including all of the EU, the UK, Australia, South Korea, Japan, Canada and Norway are applying an effective tax rate of at least 15 per cent on profits of multinational companies...
...But a report published yesterday by non-profit groups Reclaim Finance and Urgewald shows that central banks’ existing structure may be far from politically neutral....
...The group cut 10 per cent of its workforce in November and has considered spinning off non-core businesses in an effort to improve efficiency....
...While the group’s pre-tax profit was up by 16 per cent, its profit after tax figure increased by just 8 per cent due to changes in the UK’s corporation tax regime....
...BA is IAG’s profits engine and was responsible for €1.4bn in operating profit in 2023, but its recovery has lagged behind other airlines in the business....
...He already said during the SOTU that corporations needed to pay more taxes so expect to hear him aim his sights at corporations more as he hits the campaign trail....
...Polling by the non-profit climate research advocacy group Energy and Climate Intelligence Unit and Focaldata of 1,010 adults in Scotland, found that 73 per cent of Scots supported the longer term target...
...More energy industry news: Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation....
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...I also think they’ll be helped by Trump’s own goals, like his Nato comments, which nudge moderate Republicans and patriotic independents towards any non-Trump candidate....
...The nation also boasts a vibrant civil society and has a requirement for large listed corporations to give 2 per cent of their net profits to charitable causes....
...In the second quarter of 2023, when the deal closed, JPMorgan earned almost 20 cents out of every $1 in profit reported by US banks, according to BankRegData, up from 12 cents a year earlier....
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