Tax Fraud Essay

In September 2005, a former senior executive from Wal-Mart de Mexico sent an email to a high-ranking Wal-Mart lawyer, referencing on how Wal-Mart de Mexico had bribed foreign officials to expedite permits to win market control in Mexico. The emails and subsequent conversations gave specific names, dates and bribe amounts. Wal-Mart followed up with an internal investigation and eventually found a paper trail of suspect payments. In addition, they found documentation implicating that, not only did the top Wal-Mart de Mexico executives know about the payments, but they had also taken pre-cautions to hide them. The lead investigator documented the findings by stating

OECD published Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and Related Documents to prevent bribery and corruption. The aim of this convention was making the bribery of a foreign public official a crime under their laws (International Monetary Fund, OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, 2001). This document recommends to member countries that:

Taking down a corrupt part of a company is no easy task, but yet it is possible. The main target to defeating FIFA is the sponsorships (Oliver). Since FIFA is a non-profit organization, they rely on their partners such as Adidas, Coca Cola, and Mcdonalds. Fifa is estimated to making about $45bn (Critchlow) from sponsorships. FIFA recently lost Sony and Emirates as a sponsor due to the corruption scandals. That meant that FIFA lost $420 million dollars

The Foreign Corrupt Practices Act has been pursued by government agencies recently as the SEC, the FBI, and Department of Justice are cracking down on international business corruption. Companies are working harder at expanding economically in the market by doing business with individuals and other companies in foreign countries. Foreign countries are not always in compliance with US laws and regulations, causing US companies who deal with them issues with compliance on the home front. Because of these ongoing issues congress decided to introduce the Foreign Corrupt Practices Act and to prosecute foreign companies for corrupt activities within the United States. The Foreign Corrupt Practices Act is a federal law that was amended in 1977,

The largest impact internationally has been the result of the awareness of the FCPA. Since the U.S. government enacted the FCPA, it has raised awareness in foreign countries, many of which have enforced their own anti-bribery laws and have also signed on to the Organization for Economic Co-Operation and Development’s (OECD) Anti-Bribery Convention to show their commitment to the regulations of the anti-bribery laws. The OECD actually has no authority to enforce legislation and relies on the member countries to regulate the anti-bribery law. Foreign companies who are associated with U.S. markets and foreign government officials are now aware of the consequences of violating the FCPA.

Always wanting to better himself, having a passion for sports, mainly soccer or football, internationally, Blazer basically wanted to bring Fédération Internationale de Football Association, FIFA, to the United States. As the story goes, it happens Blazers gets it done among other things, working his way to the top of the FIFA committee board, making millions the international committee, but just like everything that goes up, it must come down. There were three major key players in the scandal: one being Blazer himself, Joseph Blatter, and Jack Warner attracted attention to themselves, particularly by the FBI. Hundreds and thousands, even millions of money being in places that they should not have been in. Lavish vacation trips, exclusive dinners, million dollar hotel rooms and huge amounts of money being used as payoffs are just to name a few were taken notice by the FBI. And just like the any old story, judgement day. It seems that though Blazer, just like any other person be willing to save their own hide, was willing to cooperate with the FBI into bring down this whole corruption cycle within

The Foreign Corrupt Practices Act of 1977 (FCPA) evolved from investigations by the Office of the Special Prosecutor that provided evidence of illegal acts perpetrated by U.S. firms in foreign lands. More than 400 U.S. companies admitted to making questionable payments to various foreign governments and political parties as part of an amnesty program (U.S. Department of Justice http://www.usdoj.gov). Given the environment of the 1970s and the proliferation of white-collar crimes (e.g., insider trading, bribery, false financial statements, etc.), particularly the payments made to foreign officials by corporations, Congress felt obligated to introduce legislation that led to the act. Congress 's objective was to restore confidence in the manner U.S. companies’ transacted business.

He failed a drug test in 1994 and was pulled out of the Argentina squad for the during the world cup tournament. During his divorce procedures it was found that he had fathered a child out of wedlock. To round off the list unacceptable ‘sins’ committed by Maradona, he reportedly owns the Italian government 37 million euros in takes alone. Out of which he has only paid an amusing amount of 24,000 euros. In terms of goodness Maradona is not the perfect role model upholding ethically sound decisions in his private life. It is unquestionable that he is an ethically unsound individual; there is no arguing that.

Many companies are trying to expand economically in the market by doing business with an individual or another company in foreign countries. These businesses are engaging in into using improper ways of payments that are leading to secret bribes to the foreign public officials. Foreign countries are not always in compliance with the laws and they tend not to follow them. Having these problems with the US and all the millions of dollars that have been passed they wanted to take a more affirmative approach and be able to correct the problem. That is when congress decided to introduce the Foreign Corrupt Practices Act to prosecute foreign companies for corrupt payments within the United States. The Foreign Corrupt Practices Act is a federal

Author Scott Nette clearly explains that in July 2007, Anthony Tesvich, Melissa Tesvich, James P. Robinson and Ronald K. Jonston was Investigated, charged and convicted on the Foreign Corrupt Act. “The Foreign Corrupt Act States that it is illegal for an US person, entity and certain applicable foreign entity to make and/or accept bribes or offer any inducement for the purpose of obtaining or retaining business with an US firm.” – Scott Nette

Not to be confused with the ‘golden whistle’ scandal which plagued Portuguese football a year earlier, "The Whistle Mafia" scandal of 2005 involved two top Brazilian referees being paid wads of cash to influence the outcome

The law is not fair with punishment.For example in lionel messi’s case he got 21 months over a tax fraud.On the other hand others are getting that time over something violent they did.Lionel also had a $2 million fine. I personally think the law should’ve gave him a less punishment.

The Foreign Corrupt Practices Act of 1977 (FCPA) evolved from investigations by the Office of the Special Prosecutor that provided evidence of illegal acts perpetrated by U.S. firms in foreign lands. More than 400 U.S. companies admitted to making questionable payments to various foreign governments and political parties as part of an amnesty program (U.S. Department of Justice http://www.usdoj.gov). Given the environment of the 1970s and the proliferation of white-collar crimes (e.g., insider trading, bribery, false financial statements, etc.), particularly the payments made to foreign officials by corporations, Congress felt obligated to introduce legislation that led to the act. Congress's objective was to restore confidence

As stated before no two people are the same, and now two people’s thoughts are the same. But at the end of the day everyone’s views on ethics boils down to knowing right or wrong. For example, if someone were to rob a bank that person knows for a fact that is it wrong and that he may go to jail. There would be no “Maybe it was right for him to rob the bank.” This is the same for FIFA. Allowing bribes to be placed on the next place that should hold the world cup

According to McMillan and Gandz case study, FIFA has had both the success and its failures with the main issue on the case study been its scandals, which include corruption, bribery, and tax avoidance. Other issues highlighted also include FIFA sponsorship deals, reforms, and unfavorable workers’ conditions that has contributed to the attitudes of most of the employees . According to the Transparency International, corruption within FIFA might involve referees taking a bribe, clubs demanding kickbacks for player transfers, or companies seeing nPow (need for power) and government rigging the bids for construction contracts. The case study has only mentioned one successful high-profile lawsuit concerning FIFA corruption due to the allegation of plausible bribery surrounding the awarding of Russia and Qatar right to host 2018 and 2022 World Cup respectively.