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.
Tag: Disclosure Regulations
Complex financial markets and institutions contain systemic risks that can cause crises and undermine trust. Regulators usually respond to failures with additional regulations. Regulations have become very complex too. Do they reduce or add to complexity?