722 mega-corporations raked in $1 trillion a year in windfall profits in 2021 and 2022. A windfall tax of 90 percent on last years' windfall profits could generate $941 billion —money that now could be used to tackle poverty and climate change. While profits soared, one billion workers across 50 countries took a $746 billion real-term pay cut in 2022. Oxfam and ActionAid are calling for permanent windfall taxes on windfall profits across all sectors. 722 of the world's biggest corporations together raked in over $1 trillion in windfall profits each year for the past two years amid soaring prices and interest rates, while billions of people are having to cut back or go hungry.

https://www.miragenews.com/big-business-profits-soar-to-1-trillion-amid-1041495/

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