Foreign Corrupt Practices Act

TitleForeign Corrupt Practices Act
Publication TypeCase Study
Year of Publication1996
AuthorsLadenson, R
Corporate Authorsof Center for the Study of Ethics in the Professions, IIT
Date Published02/1996
PublisherCenter for the Study of Ethics in the Professions, Illinois Institute of Technology
Publication Languageeng
KeywordsBribery and Extortion , business , BUSINESS ethics
AbstractThe Federal Corrupt Practices Act prohibits the direct or indirect payments of bribes to officials of foreign governments, including by U.S. businesses. Graft and bribery are common throughout the world. The U.S. is virtually alone in forbidding companies from paying bribes to win international business, regardless of what companies of other nations do. Is the provision of the Foreign Corrupt Practices Act that forbids the use of bribes morally justifiable?
NotesCase study from the February 3, 1996 Intercollegiate Ethics Bowl. Copyright, Robert Ladenson, Center for the Study of Ethics in the Professions, Illinois Institute of Technology, 1996.
URLhttp://ethics.iit.edu/EEL/FCPA.pdf
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