Linked by Thom Holwerda on Sun 29th Apr 2012 12:22 UTC
Apple "Apple, the world's most profitable technology company, doesn't design iPhones here. It doesn't run AppleCare customer service from this city. And it doesn't manufacture MacBooks or iPads anywhere nearby. Yet, with a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states." Sure, this is all legal for companies to do (and Apple obviously isn't alone) but it does show you how much sense of morality companies have. Answer: none. But hey, it's legal, and the law is never wrong, right?
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fiduciary duty...
by kcorey on Mon 30th Apr 2012 15:26 UTC
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Hey, I hate that the big guys get away with tax avoidance, but it's baked into the system for them to try.

The company directors have a "fiduciary duty" to the shareholders to make the most money they can. In other words, the company directors would be legally liable if they did not try to maximise shareholder profits.

Of course, since company directors also likely own a slice of the pie, they have *no* incentive to not avoid taxes.

Don't like it? Go to congress, and change the laws.

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