View From a Height
Commentary from the Mile High City
Wednesday, April 21, 2004

Foreign Corrupt Practices 

Sitting here in Global Ethics class, as we discuss the Foreign Corrupt Practices Act, a 1977 act of the US Government outlawing bribes to overseas government officials by US companies.

Surprise, surprise, it turns out that French and German companies are allowed to deduct their foreign bribes as a business expense.

No word on whether or not they have to declare bribes received as income.

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