US companies have no legal duty to minimise their tax bills, just like the UK

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This blog is unashamedly borrowed from a tweet by Jolyon Maugham in which he noted a 2012 Delaware Court Ruling that said:

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I have often noted the fact that there is no requirement in UK law for a company to minimise its tax bill.

Given that Delaware is the place of incorporation of most large US companies it would seem we can now be quite confident of saying the same of US companies as well.

So that's another fiction kicked into the long grass.