Re:Google used a tax loophole to shelter $19.2B
by dkural on Tuesday January 02, 2018 @08:21PM
(#16057526)
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.
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Re:Google used a tax loophole to shelter $19.2B
by peteretep on Tuesday January 02, 2018 @09:32PM
(#16057805)
> 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?
Re:Google used a tax loophole to shelter $19.2B
by telchar on Tuesday January 02, 2018 @10:31PM
(#16058104)
No, 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.