The Foreign Corrupt Practices Act of 1977 forbids companies to pay kickbacks in the United States, but permits them to pay kickbacks to companies outside the United States.
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09-12-2022
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The Foreign Corrupt Practices Act of 1977 forbids companies to pay kickbacks in the United States, but permits them to pay kickbacks to companies outside the United States.
false

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contexto1005 contexto1005 · Answer 1 · 2022-12-15T16:05:07+01:00

The Foreign Corrupt Practices Act of 1977 forbids companies to pay kickbacks in the United States, but permits them to pay kickbacks to companies outside the United States.This statement is True.

It was common in the 1970s, and US firms even included it as an expense in their financial statements.The Foreign Corrupt Practices Act forbids this practise. The act was established in 1977 to promote accounting openness among American businesses and to stop public officials from choosing to accept bribes in order to influence. A US law called the FCPA (foreign corrupt practises act) was passed in 1977 to combat bribery and corruption among enterprises that pay foreign authorities, other foreign companies, or foreign institutions for business contracts or to speed up legal processes.

The Foreign Corrupt Practices Act of 1977 forbids companies to pay kickbacks in the United States, but permits them to pay kickbacks to companies outside the United States.This statement True or false?

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The Foreign Corrupt Practices Act of 1977 forbids companies to pay kickbacks in the United States, but permits them to pay kickbacks to companies outside the United States. false

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The Foreign Corrupt Practices Act of 1977 forbids companies to pay kickbacks in the United States, but permits them to pay kickbacks to companies outside the United States.
false