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There is no law that says you must set up Bermuda, Dutch and Irish subsidiaries, and use your IP to shuffle profits, or other methods, to evade tax in territori
by dkural 9y ago
There is no law that says you must set up Bermuda, Dutch and Irish subsidiaries, and use your IP to shuffle profits, or other methods, to evade tax in territories where that revenue is earned. Most companies aren't wealthy enough to do this; and in fact they don't do it. Many of them are public corporations. Their shareholders don't sue or demand such actions.
- peteretep 9y ago> There is no law that says you must ... Isn't there? I thought shareholders has a legal remedy if they believed companies weren't maximising return?
- telchar 9y agoNo, the fiduciary duty the company has to shareholders is vague in this regard and practically speaking they can define the shareholders interest broadly, for example maximising returns at some indeterminate point in the far future. Shareholders can try to sue over this but almost certainly would lose the suit unless real malfeasance is uncovered. IANAL though.