Quote:
Originally Posted by joebaldknobber
|
Corporations are required by law to maximise profits for shareholders. To that end, they actually have a fiduciary duty to pay as little in taxes as possible (I'm sure you do the same personally).
Indeed, their charity giving is for purposes of benefiting the business, not the community. I recall in my corporations class a corporation getting sued (and losing) by its shareholders for giving too much money to charity.
Which is why corporations need to be heavily regulated, in my opinion. More so than individuals, since a corporation's capacity to do harm is so much greater, and you can't put a corporation in prison, so...