Exact(2)
At the simplest level, corruption acts like a tax, which often falls on those least able to afford it.
Shang-Jin Wei, a Harvard economist, argues that corruption acts as a tax on foreign direct investment: "An increase in the corruption level from that of Singapore to that of Mexico is equivalent to raising the tax rate by over 20 percentage points".To be sure, economists still discriminate between various types of corruption; but they are slower now to argue that any of them is good.
Similar(58)
In Taw Cheng Kong, the respondent challenged his conviction for corruption on the ground that section 37 of the Prevention of Corruption Act, which extends the effect of the Act to corrupt acts by Singapore citizens (but not non-citizens) occurring outside Singapore, discriminated against citizens and thus violated Article 12(12.
India has a Prevention of Corruption Act, as well as various investigative agencies focused on corruption.
A decade ago, the Kenyan Parliament enacted the Prevention of Corruption Act, with little result.
Leading the efforts to modernize the corruption act — or weaken it, in the eyes of the government — is the Chamber of Commerce.
"Prima facie, the facts above show commission of offenses under the Prevention of Corruption Act, as well offenses under the Income Tax Act.
India has a Prevention of Corruption Act and a variety of watchdog agencies, but the agencies' effectiveness is often questioned because they answer to politicians.
Earlier this year, the Mumbai Congress president Kripashankar Singh resigned after the Bombay High Court called for his prosecution for "criminal misconduct" under the Prevention of Corruption Act.
"So many decent journalists have been arrested under a 1906 act [The Prevention of Corruption Act] that was never applied to journalists before.
Because the charges have been brought under the 1906 Corruption Act, Lady Scotland can halt the case before it reaches trial.
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Justyna Jupowicz-Kozak
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