Quote:
Originally Posted by woob
I got your point, thanks. The reason why X is okay and not Y, in my opinion, is that a socially responsible company should accept that taxes should be paid in a country you're operating in. Doing anything in your power to avoid paying ANY taxes at all, in my opinion, is not a socially responsible act. Sure, it maximizes profits and it makes your shareholders very very happy, but what impact does it have on your local/national economy? Sure, one company may not have a great impact but many companies doing the same thing most likely has an impact.
Yes, they are legally able to do this and you have a point in why is it ok for them to do X and not Y.
|
This ridiculous disconnect seems to be a common theme among a few people in this thread, corporations owe no duty to be "socially responsible", their mandate is to operate in the best interests of their shareholders. A failure to comply with that mandate can result in a company facing lawsuits, or in extreme cases directors facing personal responsibility. You're asking corporations to diverge from their stated purpose, and for what? A wishy washy notion of social responsibility? That's not their role, they are to operate as best they can in a competitive environment. If there are regulations that allow tax income to escape they should be strengthened, but don't forget that increased taxation doesn't mean increased tax revenue, it could very well have an opposite result.