Brian Keegan: Companies must obey the law, not be models of virtue

Vague calls for better corporate ‘citizenship’ won‘t help us get through the pandemic – enforcement of the regulations will

23rd August, 2020
Brian Keegan: Companies must obey the law, not be models of virtue
A company is nothing more than a legal structure which happens to be treated for many purposes – including taxation – as if it were a citizen

At the time of the last financial crisis, it became commonplace that left-leaning civil society, academics and charities would call for business to become more socially responsible. Tax compliance was a favourite topic, with little regard paid to the existence of enforceable rules to ensure tax collection. Instead, the underlying notion seemed to be that companies, in particular, should act like citizens in some way and go beyond what is merely required under the law.

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