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.
Will FCPA Investigations Lead to Tax Charges?
New York Law Journal
May 10, 2012
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