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093825 1 (1977-04-04)

handle is hein.gao/gaobacuhf0001 and id is 1 raw text is: A REVIEW OF .CTIONS BEING TAKEN IN THE UNITED STATES TO CONTROL QUESTIONABLE CORPORATE PAYMENTS -1 PAPER PRESENTED BY ELMER B, STAATS COMPTROLLER GENERAL OF THE UNITED STATES AT THE MEETING OF THE GOVERNING BOARD OF THE INTERNATIONAL ORGANIZATION OF SUPREME AUDIT INSTITUTIONS MALAGA, SPAIN l)LC OL/ 3 tf APRIL 4, 1977 093825 Over the past few years many American corporations have disclosed payments made to government officials of other countries, their political parties or others to obtain business advantages. The payments usually were made as petty corrup- tion to facilitate favorable action, to gain competitive advantage over others, or because of extortion by corrupt officials or their agents. Some corporations are said to have falsified their records, lied to auditors, used off-the-books or slush funds and, in some cases, illegally deducted on their Federal income tax returns, to reduce their taxes, the improper foreign payments as normal and necessary business expenses. These revelations have had a political impact in those other countries concerned, have diminished the international '713e F-7 0~7 q z