Concept of education
Classified in Philosophy and ethics
Written at on English with a size of 3.79 KB.
2) Business ethics (Business corruption/ Tax fraud/ Tax havens, crimes/ Politics and the economy)
Business
Ethics are moral principles that guide the way of a business
Behaviour.
Acting in an ethical way involves distinguishing
Between “right” and “wrong” and then making the “right”
Choice. As an ethical behaviour, company must avoid the
Pollution or the use of children for their activities. A measure for
Solve this is to make codes behaviour in the companies. / / / Another
Type of business ethics is to pay the taxes and don´t avoid it. Tax
Avoidance could be legal if a businessman finds a legal vacuum in the
Rules of the tax system, but the question is if it is ethical. / / / Evidently,
The answer is negative, as the spirit of the laws is not this. Paying
An amount of taxes in the countries where they operate is socially
Responsible because is necessary to catch funds for the part of the
Government to supply the citizens public services such as healthcare,
Education and infrastructures. Tax avoidance has been branded by some
People as immoral and unethical practice that jeopardize the
Integrity of the tax system. / / / Another
Important term related to the bad business ethic is the business
Corruption. The most important types are bribery, fraud, embezzlement
And kickbacks.
Bribery
Is the most famous. It can take place between two private individuals
Or a public official and a private individual. Bribes take many
Forms. The major of the times is referred to as "grease"
money, where public employees may require payment before granting
businesses
Permits or licenses. / / / Fraud
Is another form of business corruption by which officers of the
Company misuse their office for personal gain. In cases related to
Businesses owned publicly, executives convert public dollars to
Private gain by authorizing bonuses for themselves. / // / / Embezzlement
Is to take the company's goods or funds for personal gain. It can
Involve taking small amounts of money over time, called "skimming,"
Or taking large amounts of goods or money at one time. / / / Finally,
The kickbacks. It is the payment of something of value as
Compensation or reward for providing favourable treatment to another
Part.