It's always weird to me that people see this and get angry at Nike and not the politicians who made the laws.
Nike is a publicly traded company whose sole purpose of existence is to create profits for its shareholders.
The people who write the tax laws are democratically elected officials whose, at least on paper, sole purpose as an official is to create laws like tax laws that benefit their constituents.
And yet, people somehow see the problem here as Nike trying to do what's in their best interest and not the politician who made it totally legal for them to do what they are doing.
> whose sole purpose of existence is to create profits for its shareholders
How can you tell what its "purpose" is? For example, Nike's marketing suggests its purpose is manufacturing athletic equipment or promoting youth sports.
Nike isn't a person. It doesn't have feelings or opinions or thoughts . Its existence is summed up by legal contracts which are obligations between the shareholders and the corporation and those legal contracts obligate the corporation to act in a fiduciary manner to create returns on the investments.
IANAL but I don't think that's what a typical corporate charter actually requires. It's just an opinion some people have about what companies should do.
Because it's companies like Nike that lobby our politicians to create power/regulatory capture moats of laws.
I think it's obvious that runaway capitalism does not work, and we need something different,but as always once something has been done once it quickly becomes the status quo
Nike is a publicly traded company whose sole purpose of existence is to create profits for its shareholders.
The people who write the tax laws are democratically elected officials whose, at least on paper, sole purpose as an official is to create laws like tax laws that benefit their constituents.
And yet, people somehow see the problem here as Nike trying to do what's in their best interest and not the politician who made it totally legal for them to do what they are doing.