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comand201

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comand201

Re: TexasRambler post# 157848

Tuesday, 09/18/2007 2:27:58 PM

Tuesday, September 18, 2007 2:27:58 PM

Post# of 203990
Tex, since there's nothing else going on here, I'll reply to your post about a possible XKEM Nigerian bribe with a little trivia:

According to US tax law, payments that are illegal (like bribes) are not allowed as a deduction for tax purposes.

HOWEVER:

In true IRS fashion, just to confuse things: another section states that if you do business in a foreign country where bribes are Ordinary business practice and Necessary in order to do business, then you may deduct the cost as a business expense....

What a country, huh???? jajaja

What's a little bribery amoung fiends... (no, I spelled that right)

cm1



New IR Department at XKEME - working overtime for the shareholders. ;-)

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