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This isn't accurate. These companies do make billions and billions in profit. And they do pay taxes. They shelter a lot of hose profits in licensing deals of
by wheelerwj 10y ago
This isn't accurate. These companies do make billions and billions in profit. And they do pay taxes. They shelter a lot of hose profits in licensing deals off shore though. so the effect is the same.
And yes, the stated goal of a for profit corporation is to increase value for the share holders, so there's that too.
But these aren't accounting problems. They are issues with regulations and shitty personal values/moral codes.
- embersbreaking 10y ago>These companies do make billions and billions in profit. Have you looked into Amazon's dividend distributions since inception?
- econwoman 10y agoRegulations are based on how we can account for profits, net revenue, capital gains. These companies don't record profit (an accounting term). They record net revenue to avoid income tax. See the chart in the essay. What stated goal? Reference? Increase shareholder value is not legal requirement. see http://www.nakedcapitalism.com/2017/02/why-the-maximize-shareholder-value-theory-is-bogus.html http://www.nakedcapitalism.com/2017/02/why-the-maximize-shar...