Smoke and Mirrors Hide the Collapse in Corporate Profits
MishTalk
JUNE 3, 2014
s (BEA) favoured measure of whole economy profits, defined as profits from current production. As provisions of the tax acts from 2002, 2003, 2008, 2009, 2010, and 2012 expire, and as no new provisions are introduced, businesses are now expensing less depreciation for tax purposes. We show below the stark difference between the BEA?
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