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Course Objectives: CO10 Define ethical environment that is applicable to the business world CO11 Identify means to avoid alter ego liability Prompt:Using findlaw.com, (http://caselaw.findlaw.com/)...

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Course Objectives:

CO10 Define ethical environment that is applicable to the business world

CO11 Identify means to avoid alter ego liability

Prompt:Using findlaw.com, (http://caselaw.findlaw.com/) research a case that involves alter-ego liability. In 250 words, define the term "alter-ego" and list the elements the court considered when determining whether to pierce the corporate shield. Incorporate the material from the required readings and support your statements.
In addition, discuss whether it is ethical for a company to move its corporate headquarters overseas to avoid paying income tax. Which duty do you believe is higher, the duty of corporations to pay tax to government or the duty of corporations to pay dividends to shareholders? Why?

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Answered Same Day Apr 16, 2020

Solution

Soumi answered on Apr 19 2020
148 Votes
Running Head: BUSINESS ETHICS        1
BUSINESS ETHICS         2
BUSINESS ETHICS
Table of Contents
Definition of alter ego and the elements considered by the court to pierce corporate shield    3
Determining whether moving company headquarters to other countries is ethical for firms to avoid payment of income tax    3
References    4
Definition of alter ego and the elements considered by the court to pierce corporate shield
    An alter ego is defined as the company or entity that safeguards the other company from legal liabilities by managing their functionality. As mentioned by Baraibar‐Diez, Odriozola and Fernandez Sanchez (2017), when the court of justice is able to determine that a company is using an alter ego, it is easily able to
eak this protective shield down and take necessary actions.
As seen in the case of Wells Fargo Bank National Association V. Weinberg, the US court considered the elements of fraudulence and ruling out res judicata for identifying that Steven J. Weinberg, the Professional Law...
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