Quote:
Originally Posted by valo403
I read that as we can either live in reality, where corporations will operate to enhance value by utilizing every means possible, or we can live in a fantasy land filled with all kinds of wonderful things like clouds made of candy and rivers of chocolate.
Corporations simply aren't going to look out their windows and see a few hundred annoyed people and go 'you know what, let's not maximize profit for our shareholders, let's give away hugs instead'. Not when the shareholders vastly outnumber the protesters. I'm all for enhancing regulation to achieve that result, but I'm not so naive to think that corporations will do it on their own. Once again, that's not their role. That's not what they are.
Edit - As Cowperson notes corporations engage in all sorts of programs in their communities. My comments are largely on tax planning and the like where the goal is strictly financial and doesn't include things like market presence through charity involement etc.
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Haha, valo. Way to take it to the extreme. I honestly didn't expect that from you. Do you seriously think a company cannot make sound profit maximization strategies and shareholder value while at the same time ensuring they pay a responsible level of tax to the economies they operate in? Is multiple billion dollar profits quarter over quarter, in some cases rising quarter over quarter, not enough profit and shareholder value that we also need to exploit every possible little loophole we can so that we don't pay a proportionate amount of taxes into the economies we operate in?