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Here'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
by caminante 10y ago
Here'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...