Questions from Business Ethics

Q: It’s legal, but is it ethical? For years,

It’s legal, but is it ethical? For years, a nationally known doughnut chain only sold sugary drinks at its retail outlets on a prominent university campus. Sugar consumption is known to contribute to...

Q: In June 2002, Martha Stewart began to wrestle with allegations that

In June 2002, Martha Stewart began to wrestle with allegations that she had improperly used inside information to sell a stock investment to an unsuspecting investing public. That was when her persona...

Q: Stan Jones was an investor who had recently lost money on his

Stan Jones was an investor who had recently lost money on his investment in Fine Line Hotels, Inc., and he was anxious to discuss the problem with Janet Todd, a qualified accountant who was his friend...

Q: Multidisciplinary practices are probably an inevitable development. Clients want “one

Multidisciplinary practices are probably an inevitable development. Clients want “one- stop shopping,” at a professional firm where they can go for all their needs, and where the partner responsible f...

Q: Multinationals are headquartered in one country but have operations worldwide. Generally

Multinationals are headquartered in one country but have operations worldwide. Generally, each multinational pays income taxes in the jurisdiction in which it generates its profits. For example, a Ger...

Q: The leak of the Panama Papers in 2016 revealed the existence of

The leak of the Panama Papers in 2016 revealed the existence of hundreds of thou- sands of offshore shell companies used by the world’s wealthy to avoid paying taxes, raised the public’s awareness of...

Q: The Italian federal corporate tax system has an official, legal tax

The Italian federal corporate tax system has an official, legal tax structure and tax rates just as the U.S. system does. However, all similarity between the two systems ends there. The Italian tax au...

Q: As Bill Adams packed his briefcase on Friday, March 15,

As Bill Adams packed his briefcase on Friday, March 15, he could never remember being so glad to see a weekend. As a senior tax manager with a major accounting firm, Hay & Hay, on the fast track for p...

Q: Before 2002, accounting firms would provide multiple services to the same

Before 2002, accounting firms would provide multiple services to the same firm. Hired by the shareholders, they would audit the financial statements that were prepared by management while also pro- vi...

Q: Sophia and Maya were having a quiet afterwork drink at the Purple

Sophia and Maya were having a quiet afterwork drink at the Purple Pheasant around the corner from their office. Both are professional accountants in their late twenties and were talking about their fu...