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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Bill Steinman
Contributing Editor

Prison For Ex-Willbros Execs

FCPA violations: The Justice Department is targeting individuals who pay bribes to foreign officials. Photo by Ken MayerTwo former Willbros managers on Thursday were given jail time for conspiracy to violate the Foreign Corrupt Practices Act.… Continue Reading

Deducting Disgorgements

 A reader asked a question we hadn’t seen before. Is an FCPA-related disgorgement tax deductible? We’ve talked about disgorgement (here) and taxes (here). But we’ve never put the two together in a post.… Continue Reading

Outing Secret Account Holders

In July this year, we posted about the U.S. Senate’s investigation into how Swiss bank UBS AG hid around $18 billion for 19,000 Americans that went unreported to the IRS. We mentioned that the Senate’s 115-page report cited a memo from LGT Bank, run by the royal family of Liechtenstein, describing the use of secret offshore accounts for bribery in the U.S.… Continue Reading

Tax Charges Added In Hollywood FCPA Case

Last week’s superseding indictment of movie producers Gerald and Patricia Green includes new allegations that Mrs. Green filed two false tax returns. The government says she signed returns in 2005 and 2006 that included deductions for “commissions” which she knew were “bribes to a foreign official for obtaining and retaining business.”

FCPA trouble can lead to tax problems, says Selva Ozelli, a New York City lawyer and CPA.… Continue Reading

A Public Test For GE’s Compliance Program

The Corporate Crime Reporter (CCR) has a story here about a Sarbanes Oxley whistleblower complaint filed against General Electric by former in-house counsel, Adriana Koeck. She says she was fired from GE for reporting fraud in Brazil to her superiors, including alleged tax cheating and potential violations of the Foreign Corrupt Practices Act.… Continue Reading

U.S. v. Kay: Once More To The Courts

On January 10, 2008, the United States Court of Appeals for the Fifth Circuit denied a petition for rehearing en banc from David Kay and Douglas Murphy. Kay and Murphy, executives of American Rice, Inc., were indicted in 2002 for bribing Haitian officials in violation of the Foreign Corrupt Practices Act.… Continue Reading

The FCPA Can Be A Very Taxing Matter

If you love studying the U.S. corporate and personal tax ramifications of the Foreign Corrupt Practices Act — and who doesn’t? — here’s news about something special. It’s an article called “Is This Bribe Deductible?… Continue Reading

Looking Again At U.S. v. Kay

David Kay and Douglas Murphy bet their freedom on a high-risk and untested FCPA defense. Kay, the former vice president of American Rice, Inc. (ARI), and Murphy, the former president, never denied bribing officials in Haiti to reduce the company’s tax burden.… Continue Reading

FCPA Convictions Upheld Against Kay And Murphy

They Paid Bribes to Reduce Taxes in Haiti; The FCPA Gave Them Fair Warning, the Court says

The United States Court of Appeals for the Fifth Circuit affirmed on October 24, 2007 the criminal convictions of David Kay and Douglas Murphy for violating the antibribery provisions of the U.S.… Continue Reading

Siemens Settles Corruption And Tax Cases With German Prosecutors

Siemens AG said it will pay a €201 million fine in connection with global corruption allegations that will end the investigation by the Munich Office of Public Prosecution. In an October 4, 2007 press release, Siemens said it will also take a charge for taxes of €179 million for questionable payments of approximately €420 million that were improperly deducted.… Continue Reading

Bristow Resolves Corrupt Nigeria Tax Payments

Houston-based Bristow Group Inc. (formerly Offshore Logistics Inc.) settled U.S. Foreign Corrupt Practices Act charges related to improper payments in Nigeria in 2002 and 2003 to lower expatriate employment taxes there.… Continue Reading