Dubious Business Dealings: Why Do Firms Pay Bribes?
by SavvyRoo on Jan 11, 2015 | Views: 76 | Score: 0
| To increase sales and/or revenue | To procure licenses and permits | For travel and entertainment purposes | To obtain favorable tariffs and/or taxes | For political and regulatory favors | |
|---|---|---|---|---|---|
| Percent of firms that pay bribes... | 85.6 | 18 | 11.5 | 7.9 | 7.2 |
Sources:
masonlec.org
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In order for an activity to considered bribery by the Foreign Corrupt Practices Act, a payment must be made with the purpose of receiving something of value. A study by the Law & Economics Center found that, by far, the primary purpose of such unscrupulous business practices is the stimulation of the firms' sales and revenue.