Re:Google shifted $23 bln to tax haven Bermuda in 2017
by sokoloff on Saturday January 05, 2019 @08:44AM
(#18831583)
[In most states] Companies may be formed for any lawful purpose; maximizing returns to shareholders does not need to be the primary purpose (nor necessarily a purpose at all, the extreme example of which are charities). IOW, it could be the raison d'être of a particular company, but is not necessarily so.
Read the Hobby Lobby case as a start.
Quote from Justice Alito in that opinion: While it is certainly true that a central objective of for-profit corporations is to make money, modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not do so. . . If for-profit corporations may pursue such worthy objectives, there is no apparent reason why they may not further religious objectives as well.
Read the Hobby Lobby case as a start.
Quote from Justice Alito in that opinion: While it is certainly true that a central objective of for-profit corporations is to make money, modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not do so. . . If for-profit corporations may pursue such worthy objectives, there is no apparent reason why they may not further religious objectives as well.