Dr. T.L.M. Verdoes is Assistant Professor at Institute for Tax Law and EconomicsProfile page
In December 2019 Boeing fired its chief executive, Dennis A. Muilenburg, who ‘set off the worst crisis in the manufacturing giant’s 103-year history’. Could long term value creation as a new corporate purpose have prevented this crisis?
It is disputed that corporations use subsidiaries to reduce their tax rate. But isn’t that the purpose of companies: creating value? Do governments facilitate them? What about ethical considerations? Is disclosure of tax transparent? Let’s look at Shell.