A is for audacity: Israeli firm seeking tax deduction for bribes


	A is for audacity: Israeli firm seeking tax deduction for bribes

Geekette

2-18-2008 6:25 AM

395 views

tags:

audacity, chutzpah

2 Comments |

Add a Comment

2-18-2008 8:56 AM

Deepti

wow!

2-18-2008 10:58 AM

Geekette

Yep! I wish the court named the company; its almost unbelievable otherwise. Plus such a firm deserves an ignoble award for chutzpah or something...

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e36515fb-7438-440b-b179-8f86747527c6/0998CCAE-6338-446E-9BCB-87AB38F2E35A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.mallenbaker.net/csr/nl/121.html" href="http://www.mallenbaker.net/csr/nl/121.html" style="font-size: 11px;">www.mallenbaker.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mallenbaker.net/csr/nl/121.html"><H2>Israel: Company tries to get tax exemption for bribes</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mallenbaker.net/csr/nl/121.html"><P>A district court in Tel Aviv has turned down a request from a company, name withheld by the court, that had requested the right to deduct just under $900,000 paid in bribes from the company's tax bill.</p> <P><DIV>The bribes were apparently paid to help secure a business deal in an unknown African country. The company argued that the bribes were necessary as part of the local business custom, and therefore should be tax exempt under Israili law.</DIV>

The court rejected the petition, and said that companies had to reflect the values of its home state in the way that it carried out business abroad.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0998CCAE-6338-446E-9BCB-87AB38F2E35A/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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