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Samsung took the rest, but its share is shrinking, the report said. Canaccord Genuity’s report on industry profits a year ago estimated that Apple took 87.4 percent of phone earnings in the…
President Barack Obama will propose that U.S.-based companies pay a minimum 19 percent tax on their future foreign earnings, capturing profits that are now often beyond the government’s reach. Read…
Amazon is no stranger to red ink. It routinely posts quarterly losses or declining profits despite generating billions of dollars in sales. The company’s strategy is to make long-term investments…
Tax experts lament that the cuts were poorly structured. “The goals behind them aren’t bad. But the cuts weren’t properly targeted,” said Lori McMillan, a law professor at Washburn University…
The wealthy and the poor also disagree on corporate profits. The rich say most corporations make a “fair and reasonable amount of profit,” while 65% of the poor believe corporations…