Tuesday, February 12, 2008

Need a tax deduction, try taking your brides as an exemption

Company Seeks Tax Exemption for Bribes

A company in JERUSALEM tried it. Here is the opening paragraph from the story:

Some companies request tax deductions for philanthropy, others for restaurants bills. But one Israeli business tried to push the envelope by asking to deduct nearly $860,000 it paid in kickbacks.
The court rejected it, thankfully. Read the rest of the story, here.

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