In his Tax Litigation Issues column, Jeremy H. Temkin, a principal in Morvillo, Abramowitz, Grand, Iason, Anello & Bohrer, writes that a recent widely-read article in the New York Times on allegations that Wal-Mart violated the FCPA raises the specter that the company could be subject to inquiries by the IRS. Whether such a risk materializes for Wal-Mart or any company making corrupt payments to foreign officials depends in large part on the deductibility of the payments in question.
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Will FCPA Investigations Lead to Tax Charges?
New York Law Journal
May 10, 2012
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