Ethics in Business

Apr 22nd, 2015
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Ethics are written or unwritten principles that have been set by a society. They mostly contain values and virtues that people should uphold for their good and the good of the community. In many cases, these values or principles have not been outlined and individuals have a free will on whether to follow them or not. They are not state imposed and therefore no one will ever take one to court for breaching the said principles but the society can indirectly punish an organization or individual for breaking such laws by boycotting their products or staying away from them. These would serve as a good lesson to them so they would learn to obey moral principles.

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NAME OF STUDENT:INSTITUTION:COURSE:Ethics are written or unwritten principles that have been set by a society. They mostly contain values and virtues that people should uphold for their good and the good of the community. In many cases, these values or principles have not been outlined and individuals have a free will on whether to follow them or not. They are not state imposed and therefore no one will ever take one to court for breaching the said principles but the society can indirectly punish an organization or individual for breaking such laws by boycotting their products or staying away from them. These would serve as a good lesson to them so they would learn to obey moral principles.The topic up for discussion is whether more legislation is needed to reduce the avoidance techniques used by large multinationals such as Starbucks when it comes to paying corporate tax. Tax avoidance is a legitimate way of reducing one's tax burden by using contents that have been allowed by the state. In this case, using more legislation would mean the government reviewing their tax laws and sealing the loopholes that such companies like Starbucks are using. These would probably be effective but it is also time consuming. Thus, we believe the practice of ethics is a more efficient and easy way to solve this underlying dilemma.However, ethics standards, principles and judgments are not state imposed so the government cannot hold the different organizations and mu

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