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A comment on U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting Overseas. Parent comment

Re:U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting... by teachingassist on Monday May 24, 2021 @01:50PM (#27267488)
> Corporations have a fiduciary obligation to maximize shareholder value.

I understand this statement to mean "Corporations have a fiduciary obligation to maximize shareholder value [within the law]".

Do corporations have a fiduciary obligation to change the law, as in your interpretation?

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Re:U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting... by onlyrealcuzzo on Monday May 24, 2021 @01:57PM (#27267589)
Yes! Lobbying.

A lot of laws are essentially written by corporations for corporations.

https://en.wikipedia.org/wiki/Regulatory_capture

[ Parent | on HN ]
Re:U.S. Backs 15% Global Minimum Tax to Curb Profit Shifting... by teachingassist on Monday May 24, 2021 @02:15PM (#27267796)
I get that corporations do lobby, but I was questioning whether they have an obligation to lobby.
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