Point #1 is silly.... Minimizing your tax burden does not always translate to maximizing shareholder value. Decision makers at corporations can (and should) take everything into account when deciding how to maximize shareholder value; the PR costs of evading taxes, the potential costs of settlements, etc.
I have never heard of a successful shareholder lawsuit over corporate leadership failing their fiduciary responsibility because they didn't find all the loopholes for limiting their tax liability.
I have never heard of a successful shareholder lawsuit over corporate leadership failing their fiduciary responsibility because they didn't find all the loopholes for limiting their tax liability.