"Company seeks tax exemption for bribes"

[The Backlash Cometh]

Israeli Court Rejects Request for Tax Exemption on Overseas Bribes

Some companies request tax deductions for philanthropy, others for restaurants bills. But one Israeli business tried to push the envelope by asking to deduct nearly $860,000 it paid in kickbacks.

A Tel Aviv district court rejected the petition on Feb. 8.

The business, whose name was withheld by the court, asked to deduct the sum for kickbacks that were paid to help spur a business deal. The Israeli daily Maariv reported that the deal took place in an unidentified African nation. The company alleged the kickback was necessary as a part of the local business custom and therefore should be exempted from the Israeli law.

<snip>

The business, however, countered that the business conducted in this particular country did not pose a threat to Israeli business ethics at home or in other nations abroad.

http://www.rawstory.com/news/mochila/Company_seeks_tax_exemption_for_bri_02122008.html

[truebrit71]

1. I believe that is the exact definition of chutzpah.

:rofl:

[The Backlash Cometh]

2. It's unbelievable, isn't it?

So much truth in that article, it hurts.

[aquart]

4. Except that it IS the cost of doing business in some countries.

Let's keep pretending that it isn't. That's always the best way to deal with a situation.

[PDJane]

3. Chutzpah is right..........

that's just outragous.........

[Javaman]

5. Why not? blackwater is allowed to get away with murder. what's a few bribes?

Do I really need to add the sarcasm thingy?