Ehitical Issues
Italian tax law essentially involves negotiating with corporations rather than engaging in formal transactions. It is typical for companies to expect to ne¬gotiate a tax settlement with the state, and so considerable "creativity" is in¬volved in corporate accounting and tax forms. Jonathan Smith, a recently transferred accountant sent to manage tax matters for the Italian branch of his U.S. firm, is adamant in "going by the book," refusing to abide by Italian convention and arguing that such compliance only encourages bad business practice. He argues that, in the United States, "negotiat¬ing" a settlement comes only after some impropriety has been determined, but corporate headquarters back in Dallas have instructed him to "do as the Romans do," but he refuses on the grounds of professional integrity.
As a result, Smith involves his company in a legal tangle that brings the issue to light and sparks public debate about the merits of the system. Before the matter is settled......
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Approximate Word Count: 769
Approximate Pages: 4 (250 words per double-spaced page)
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Ehitical Issues
Ehitical Issues. Italian tax law essentially involves negotiating with
corporations rather than engaging in formal transactions. ...
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