Sharing Profits: The Ethics of Remuneration, Tax and Shareholder Returns

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Any decision by a company on how it applies its profits ? to pay tax, remuneration or shareholder returns ? has ethical implications. Shareholders are entitled to earn a return, and accepted asset allocation methods can help promote equality of opportunity, but will irreconcilably conflict with wider concerns about inequality. Governments have failed to adapt legislation to match the business environment, notably with regard to the internet and globalisation, and have used tax as a source of comparative advantage while at the same time criticizing companies for tax avoidance. Sharing Profits reviews high-profile ethical issues facing companies in how profits are used, and proposes a framework for understanding the ethical implications of decisions. In this book, the author shows that while using ethical rules to put strict limits on executive remuneration is unlikely to work, it can provide a valuable framework for decision making. The book begins by examining the issues involved,

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Sharing Profits: The Ethics of Remuneration, Tax and Shareholder Returns BY: John N. Reynolds Full