cover image: Extraordinary profits mean extraordinary taxes

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Extraordinary profits mean extraordinary taxes

17 Oct 2022

From a pandemic to an economic crisis to what has now become the worst cost of living crisis of the we have seen dramatic changes in the world that have exposed the existing and growing But not everyone has experienced the last three years in the same way. Whilst energy and food prices seem to increase by the hour, so have the accounts of the corporations that are leading in these sectors -and hence the bank accounts of their shareholdersPrice gouging and excessive market control of these corporations has resulted in them having extraordinary or windfall profits -a phenomenon that occurs when companies use a crisis to see their profits increase more than they could have ever foreseen under normal circumstances

Authors

Silvia Pelegrín Marugán

Published in
Belgium