Jonathan Fisher QC writes that company directors should not be ashamed of seeking to maximise company profi ts for the benefit of shareholders and other stakeholders.
In the contemporary debate surrounding the perceived immorality of tax avoidance it is surprising that corporate business has not sought to stand its ground more assertively.
If a director is obliged to maximise company profits for the benefit of shareholders and other stakeholders and he takes steps – always within the law – to minimise the amount of tax which his company must pay what has the director or the company done wrong? Criticisms of corporate behaviour should be levelled at a taxation system which permits a company to reduce payment of tax in this way and not at the company...
