Question

Using in-name-only offshore headquarters to minimize U.S. tax burdens is an example of corporate social responsibility. True or False?

Answer 1

Using in-name-only offshore headquarters to minimize U.S. tax burdens is not an example of corporate social responsibility.

Step-by-step explanation:

Using in-name-only offshore headquarters to minimize U.S. tax burdens is not an example of corporate social responsibility. It is a practice known as tax avoidance, where companies take advantage of loopholes in the tax system to reduce their tax liabilities. While some may argue that this is a responsible action to protect shareholders' interests, others view it as unethical and irresponsible behavior.