Date: 2026-03-04 Page is: DBtxt003.php txt00021283
US Economy
Increasing corporate power
Increasing corporate power has contributed to falling tax payments, rising profitability and social and environmental degradation
Original article:
Burgess COMMENTARY
Peter Burgess
A trawl of 30 years of market and company data shows that the world's biggest firms are doing great — but that might not be such good news for everybody else.
According to Bloomberg Economics, increasing corporate power has contributed to falling tax payments and — not unrelated — rising profitability.
In 1990, the median effective tax rate for the top 50 was 35%. By 2020, it had fallen to 17%.
Over the same period, the median profit margin rose from 7% to 18%.
Read the 44 page report here: Bloomberg-Economics-Long-Covid-Jobs-Prices-Growth-21283.pdf
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