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Ethics case study: a taxing situation

Article Abstract:

A multibillion dollar multinational corporation had to reduce its workforce in its US divisions in the 1980s because of falling oil prices. State unemployment funds were exhausted as many filed benefit claims. The burden of the situation has been placed on the corporation. A new law was enacted that raised companies' unemployment taxes to help the state continue to provide unemployment benefits. The company can avoid paying substantial taxes by centralizing personnel administration in a newly created company. This new company will not be fined heavily as it has no record of contributing to the state unemployment problem. The reorganization is the corporation's legal way out of paying a heavy tax liability. However, this approach entails several ethical considerations, particularly on the issues of competence, confidentiality, integrity and objectivity.

Author: Heely, James A., Nersesian, Roy L.
Publisher: Institute of Management Accountants
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1992
Management, Tax planning, Ethical aspects, Corporate reorganizations, Layoffs

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Victimization and white collar crime

Article Abstract:

The somewhat twisted idea that white collar criminals are victims whose actions can be attributed to the fact that they were merely corrupted by the business environment they worked in or by the people with whom they worked with is a concept that cannot be allowed to flourish. Such a concept undermines the principle of individual responsibility and can seriously hinder the progress that has been made in establishing a positive climate for responsible ethics in the business environment. After all, denying that white collar criminals ever had clearly defined responsibilities to their chosen professions virtually gives a stamp of approval to their offenses and can only serve to encourage further unethical behavior in the business arena.

Author: Maddocks, Merle
Publisher: Institute of Management Accountants
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1992
Column, White collar crimes, White collar crime

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Subjects list: Analysis, Business ethics
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