That gives them most of the economic benefits of a sale without an obligation to declare a capital gain.

FORBES: Sidestepping Taxes

Lee and Bain Capital Partners, were prepared to fulfill their obligation to fund and close the Clear Channel deal, but some issues were still being worked out.

FORBES: Magazine Article

Lee and Bain Capital Partners, were prepared to fulfill their obligation to fund and close the Clear Channel (nyse: CCU - news - people ) deal, but some issues were still being worked out.

FORBES: Clear Channel Deal Fading

What the entity approach assumes is that the obligation of companies to a much broader range of suppliers of capital than the shareholders.

FORBES: Whose Money Is It Anyway?

The Supreme Court agreed with Vodafone that the deal isn't subject to capital gains tax and Vodafone therefore had no obligation to withhold tax even though the main asset changing hands was a controlling interest in an Indian cellphone company.

WSJ: Vodafone Overturns Tax Bill in India

The fact is that there is no empirical basis for financialism's underlying fundamental principles--that a corporation has no obligation to society other than to maximize short-term value for its shareholders, and that the capital markets should be their own sole regulators.

FORBES: Magazine Article