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In the black market for political influence, who did what to whom makes much practical difference. But as the scales of justice are seen by the media… - Neil H. Jacoby
" "In the black market for political influence, who did what to whom makes much practical difference. But as the scales of justice are seen by the media world, guilt is not evenly assigned. It is useful to note that, in their coverage of political payments by American companies abroad, who initiates a political payment has not seemed to make much difference to the U.S. media—and, until recently, to the Securities and Exchange Commission.
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About Neil H. Jacoby
Neil Herman Jacoby(September 19, 1909 – May 31, 1979) was a university professor and public servant and was widely recognized as an expert on matters of taxation, finance, economic policy, and business-government relationships.
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Neil Herman Jacoby
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N. H. Jacoby
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Because contributions for charitable and educational purposes were the earliest form of corporate social action, their pattern enables us to test the validity of our theory. Corporate giving was stimulated by federal legislation in 1935 authorizing companies to deduct from taxable income up to 5 percent on account of such gifts.
Reformist critics comprise the majority of contemporary critics of American business. To a considerable extent, their demand is not for new or stricter governmental controls, but for attitudes and policies on the part of corporate leaders that are more responsive to public needs. Our society needs reformist critics and the author counts himself among them.
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Thus the principle that no foreign political payments shall be made often collides with the principle that we should expand international trade and investment, that multinational companies should conform to local business practices, that the United States should avoid extraterritorial application of its laws, or that this county should abjure moral as well as political and economic imperialism.
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