Tax Litigation Issues

Bribery vs. Extortion: The Deductibility of Illegal Payments

, New York Law Journal


In his Tax Litigation Issues column, Jeremy H. Temkin writes: The line between legitimate business expenses and commercial bribery can be a fine one, and while businessmen who are prosecuted for having crossed that line are rightfully most concerned with the loss of liberty and stigma associated with a criminal conviction, lawyers and accountants representing them need to be mindful of the tax consequences of their clients' conduct.

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