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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....
...But there is some good news for Biden: a growing number of voters think large corporations are taking advantage of inflation to charge more, up to 63 per cent in March from 58 per cent in February and 54...
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...All this reflects the rising success of US Republicans who claim “woke corporations” that take ESG factors into account and join industry climate alliances are putting politics above profits, with a leftwing...
...It was a similar story among non-financial corporations where outstanding bonds reached a record $16.6tn in 2021, more than double the amount in 2008....
...of profit or loss....
..., a non-profit investment firm....
...(A recent study from the Kiel Institute estimates just “the more quantifiable” of Beijing’s industrial subsidies at more than €200bn a year, or nearly 2 per cent of Chinese national income.)...
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