Corporate Profits facts
While investigating facts about Corporate Profits Vs Wages and Corporate Profits Are Found By, I found out little known, but curios details like:
For each new film, a movie is set up as its own corporation, the entire point of which is to lose money. This is so actors, writers, and other individuals who are promised a share of the profits actually earn nothing since the movie, as a corporation, technically lost money.
how corporate profits are taxed twice?
In 1919, Ford wanted to use extra profits to raise employee wages and employ more people. Dodge sued them, saying a corporation's only responsibility is to increase shareholder value. This set the precedent for current US corporate law.
What are corporate profits?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what happens to corporate profits. Here are 30 of the best facts about Corporate Profits 2019 and Corporate Profits As A Percentage Of Gdp I managed to collect.
what evidence indicates that corporate profits will rise?
-
Nobody other than its owners really know who owns IKEA. Parts of it are owned by multiple shell corporations, and many of the stores themselves are technically owned by a non-profit charitable organization and thus do not pay taxes on their income.
-
Ikea is technically a non-profit organization dedicated to researching interior design and this structure allows it to keep its corporate taxes under 4%
-
In 2010 the 6 corporations who control 90% of the media (often called the "Big 6") made a total profit that exceeded the GDP of Finland by 36 billion dollars ($36,000,000,000).
-
Bill Niman, founder of Niman Ranch and pioneer of humane animal farming, stopped eating Niman Ranch products after his farm was bought out by a corporation that dropped his humane treatment and sustainability standards in order to make a profit.
-
Apple profit $1,000,000,000 weekly, but they can't spend all of it so most of it ends up getting thrown onto their mountain of barely wanted cash - the most cash ever held by a corporation, 0.1% of all the money in the world, more than enough to buy Samsung outright. It's up to $206,000,000,000
-
In Japan's universal health care system hospitals, by law, must be run as non-profit and be managed by physicians. For-profit corporations are not allowed to own or operate hospitals.
-
In 2011, a Supreme Court case decided that prisoners in a for-profit prison couldn't sue anybody if their right from cruel and unusual punishment was violated, as it's a corporation doing the cruel and unusual punishing, not the government.
-
Apple only paid 1.9% in corporate tax on the profits generated outside of the US
-
Corporate tax laws encourage business to use borrowed money rather than their own profits to fund expansion.
-
In 1999 the World Bank had public water systems in two of Bolivia's largest urban areas turned over to a Corporation in a secretive process - who raised water rates by up to 200%. The corporation was forced to leave Bolivia, but then spent 3 years trying to sue Bolivia for lost profits.
Why are corporate profits so high?
You can easily fact check why are corporate profits taxed twice by examining the linked well-known sources.
In 1946, Ralph Casey of the General Accounting Office implied that John McCone was a war profiteer, testifying that McCone and his associates of the California Shipbuilding Corporation had made $44,000,000 on an investment of $100,000. McCone went on to become director of the CIA in 1961.
The Federal Reserve Bank isn't a part of the USA government, but is a private, for-profit corporation. With a monopoly on our money. - source
The term "bottom line" originated from corporate America in the 1960's referring to a company's Income Statement, because the bottom line of the document shows the company's profit or loss for that period. - source
In 2011, Valve Corporation was the most profitable company per employee in the United States
The Trans Pacific Partnership is a scheme being pushed through by the US that will increase big corporate profits while doing little to benefit avereage Americans from an ELI5 comic. - source
Corporate profits are taxable income to the shareholders when earned?
Human bodies donated to science are often sold by for-profit corporations to medical schools, etc. Even though selling body parts is illegal in the U.S., the loophole is that the fee is for the "service" of procuring the bodies.
Explain how corporate profits are taxed twice?
NORML (National Organization for the Reform of Marijuana Laws) was started with a $5,000 grant from the Playboy Foundation, a corporate-giving organization that provides grants to non-profit groups involved in fighting censorship and researching human sexuality
GoFundMe is a for-profit corporation, and any revenue they collect beyond their operating costs actually benefit their owners/shareholders.
Socialism is about turning corporations into democracies, where the workers collectively own the business and share the profits. There are no CEOs, and decisions are made democratically, the workers vote on which policies the business should follow
Corporations as a whole only paid 7% of their profits as federal taxes in 2018, the lowest effective tax rate since 1947
The Deseret Management Corporation, a for-profit arm of the LDS church.
