Carried to its logical extreme, tax planning implies a conscientious policy of tax minimization. This mode of thinking raises an ethical question for international tax executives. Deliberate tax evasion is commonplace in many parts of the world. In Italy, for example, tax legislation is often honored only in the breach. Even when tax laws are enforced, actual tax settlements are usually subject to negotiation between the taxpayer and the tax collector. Should multinational corporations operating in such environments adopt a policy of “When in Rome do as the Romans do?” or should they adhere to the taxation norms of their domestic environments?