There are only two courses of actions that Nike can exercise. Either Nike continues to stick to their past practices of using tax-havens to mitigate their total expenses and optimize their profits, or they can say goodbye to the “dog days,” and begin acting ethically by paying their taxes to the US government. I understand …
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Nike and the Media’s Response
The media has been particularly critical on many companies performing these tax-avoidance strategies. Reporter Max Haldevang from Quartz described his take. “Well, apart from the fact that it forces ordinary people and smaller companies to pay more taxes to keep up the roads, schools, and military, it also makes a mockery of trickle-down economics.” Max …
Nike’s Response
Nike has been pretty silent in terms of responding to criticism of their corporate plans. There were only two quotes that I found on the topic of tax avoidance and accusations of unethical behavior regarding this topic. 2016 Statement: “We fully comply with tax regulations, and we rigorously ensure our tax filings are fully aligned …
Nike Background
Nike was founded by Phil Knight and Bill Bowerman in 1964. Nike is actually the Greek God of Victory. Nike initially started out selling athletic shoes. Their unique designs and extraordinary performance propelled the brand to eventually open up appeal and sports equipment divisions. The company boasts more than 73,000 employees as of 2018. Their …
Is Nike Running away from Taxes?
America is known as the land of opportunity. Capitalism is the critical foundation of this wonderful country. Businesses, small and large, do well in such a developed economy. The objective of these firms is to minimize expenditures and maximize revenue streams. A significant amount of expenses come in the form of federal taxes. To some …
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