Monday, February 23, 2009

Culture , Corruption and Bribery

"Today the US government is the only one in the world which legislates heavy penalties- fines and prison sentences- for any of its citizens caught bribing overseas officials, In contrast, many European countries not only condone such payments, they permit their companies to claim foreign bribes as a tax deduction.

Nevertheless, business people of any nationality have good reasons for avoiding the bribery trap:" ethics, Corporate ethics, expense, Local law.

Richard R. Gesteland, 2001, Cross Cultural Business Behaviour; marketing, negotiating and managing across cultures, 2nd ed., Copenhagen: Copenhagen Bus. Sch. Press.
p. 91.

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