Shell profits nearly triple as oil prices surge

Shell profits nearly triple as oil prices surge

This post was originally published on this siteThe oil giant says pulling out of Russian oil and gas activities had cost it $3.9bn (£3.1 billion).

Read more
Sanders pushes for 95 percent tax on corporate ‘windfall’ profits

Sanders pushes for 95 percent tax on corporate ‘windfall’ profits

This post was originally published on this siteSenate Budget Committee chair Bernie Sanders (I-Vt.) on Tuesday made a push for a bill that seeks to levy a 95 percent tax on windfall profits of companies that bring in more than $500 million in revenue annually. Sanders highlighted reports detailing higher...

Read more
Elizabeth Warren releases blueprint to end ‘free ride’ for tax-dodging US billionaires

Elizabeth Warren releases blueprint to end ‘free ride’ for tax-dodging US billionaires

This post was originally published on this site To show how wealthy corporations would be held accountable by a tax proposal she released late last month, Sen. Elizabeth Warren on Thursday put out a report illustrating the unfair “free ride” powerful companies have gotten for years—and doubled down on her...

Read more