Identify at least one deterrent of the Internal Revenue Code (IRC) used to discourage the payment of bribes and kickbacks to foreign officials. Next, analyze the tax effects on U.S. shareholders because of these bribes and kickbacks.

Week 10 Discussion

You have been hired by an international company identified as cooperating with a foreign country that the United States is boycotting.

-Present a defense for the company to overcome the presumption that all activities in the boycotted country, involving all related persons, are tainted.
-Identify at least one deterrent of the Internal Revenue Code (IRC) used to discourage the payment of bribes and kickbacks to foreign officials. Next, analyze the tax effects on U.S. shareholders because of these bribes and kickbacks.