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No it isn't. There is no fiduciary duty for corporate directors anywhere in the world, and certainly not anywhere in the USA or Europe, to avoid taxes. Nor is
by Marazan 10y ago
No it isn't. There is no fiduciary duty for corporate directors anywhere in the world, and certainly not anywhere in the USA or Europe, to avoid taxes.
Nor is there, I wager, any duty to maximise revenue or profit or anything similar in any jurisdiction on the planet.
- caminante 10y agoHere's a relevant assessment by a UChicago tax professor on this very topic (i.e. the "duty" of APPL execs to avoid taxes) [0]. tl;dr: "Tax avoidance" isn't a "fiduciary duty" per Delaware corporation law. That said, APPL execs may be subject to such standards through its corporate bylaws or through a variation in state law (CA v. DE). [0] http://uchicagolaw.typepad.com/faculty/2015/12/a-duty-to-minimize-taxes.html http://uchicagolaw.typepad.com/faculty/2015/12/a-duty-to-min...