Illegal Foreign Payments

Apr 15th, 2015
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A. T. Still University
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Bribes and kickbacks are against U.S. law, but are considered standard practice in many countries. Take a position and argue your position on how the U.S. should treat bribes and kickbacks for tax purposes. You are an IRS auditor who is auditing a multinational company suspected of providing bribes and kickbacks to foreign officials. Suggest a tool you could use to plan an audit that might uncover the activity. Propose a strategy that would prevent bribes and kickbacks in the future. Please keep the bullet point and solution together and make the solution at least a paragraph long

Word Count: 331
Showing Page: 1/2
The consequences of corruption about society are properly documented: politically it symbolizes an obstacle to democracy and the rule of regulation; economically it depletes a country's wealth, typically diverting it in order to corrupt officials' purses; and, at their core, it puts an imbalance in the manner that business is performed enabling those which corrupt to get.These effects may seem remote when a profitable business needs to secure a contract. Some employees may consider it harmless the corporation gets its contract and the official gets his kickback; it's just just how business is

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