History, Circumstances, Ethical Issues
“The Italian Tax Mores” case, prepared by Arthur R. Kelly highlights an ethical issue specific to the modern corporate world. The case is based on a real life occurrence, which indicates that the moral absolutes are surpassed by the legal morality, which results in a moral contradiction. Therefore, an American leading bank that opened a subsidiary in Italy was faced with a moral issue when it was forced to apply the “Italian style” for declaring its tax return, which implied lying about the actual tax return by downsizing it with 30 – 70% of its real value (Kelly 54). Although ...