Bribes: Tax Deductable in Israel?!


	Bribes: Tax Deductable in Israel?!

righthand

2-21-2008 4:47 PM

304 views

tags:

israel, corruption, court, business, :ap

righthand says:

What can you say?

3 Comments |

Add a Comment

2-22-2008 5:33 AM

carrerinyes

I'm speeeeechless!

2-22-2008 6:58 AM

lifecyce1898

aren't they deductions in the USA too?

2-22-2008 8:11 AM

righthand

Lobbists?

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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://www.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/0d02ab1f-9ddf-4816-b705-58d452a2bc67/39A5A798-4A1F-4136-93D9-FAA0891B0883/" 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://ap.google.com/article/ALeqM5hLSj7twx9XXKou_RibjuIMJDtlDwD8UOOJOG0" href="http://ap.google.com/article/ALeqM5hLSj7twx9XXKou_RibjuIMJDtlDwD8UOOJOG0" style="font-size: 11px;">ap.google.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://ap.google.com/article/ALeqM5hLSj7twx9XXKou_RibjuIMJDtlDwD8UOOJOG0"><DIV id="hn-header" class="g-section g-tpl-50-50"><DIV class="g-unit g-first"><IMG alt="The Associated Press" src="http://ap.google.com/hostednews/img/ap_logo.gif?hl=en" id="hn-logo" /></DIV>
<DIV class="g-unit hn-alt"><A id="hn-news-link" href="http://news.google.com/news?hl=en-US">Go to Google News</A></DIV></DIV>
<DIV class="g-section hn-plain" id="hn-content"><DIV class="g-unit g-first">
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<DIV class="g-unit hn-copy" id="hn-articlebody"><H1>Company Seeks Tax Exemption for Bribes</H1>
<P class="hn-byline"><SPAN class="hn-date">Feb 12, 2008</SPAN></P></DIV></DIV></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://ap.google.com/article/ALeqM5hLSj7twx9XXKou_RibjuIMJDtlDwD8UOOJOG0">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</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://ap.google.com/article/ALeqM5hLSj7twx9XXKou_RibjuIMJDtlDwD8UOOJOG0">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</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://ap.google.com/article/ALeqM5hLSj7twx9XXKou_RibjuIMJDtlDwD8UOOJOG0">The company alleged the kickback was necessary as a part of the local business custom and therefore should be exempted from the Israeli law.</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://ap.google.com/article/ALeqM5hLSj7twx9XXKou_RibjuIMJDtlDwD8UOOJOG0">The transaction was carried out in 1999, four years before Israel adopted a U.N. anti-corruption convention</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://ap.google.com/article/ALeqM5hLSj7twx9XXKou_RibjuIMJDtlDwD8UOOJOG0">The "state's values don't stop at its borders and the petitioner's request damages the bedrock of Israeli law and its legal system," the judge</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://ap.google.com/article/ALeqM5hLSj7twx9XXKou_RibjuIMJDtlDwD8UOOJOG0">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.</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/39A5A798-4A1F-4136-93D9-FAA0891B0883/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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