There is a wide band of freedom given to business judgement. The critic that is the capital markets is a bit more harsh, however. If your returns aren't good en

There is a wide band of freedom given to business judgement. The critic that is the capital markets is a bit more harsh, however. If your returns aren't good enough relative to other investments of similar risk because you opted to pay more in taxes, you may have a harder time attracting investments. That's the theory at least, and a pretty good one if you ask me. To ignore that is to basically ask for not only increased taxes, but increased cost of capital overall.