The Internal Revenue Code $($IRC$)$ serves as a deterrent for payments of bribes and kickbacks to foreign governments. Payments to foreign government officials with the intent of influencing official action to obtain business are illegal under the Foreign Corrupt Practices Act.

Please respond to the following in a discussion post:

Identify at least two deterrents of the IRC used to discourage the payment of bribes and kickbacks to foreign officials. Analyze the tax effects on U$.$S$.$ shareholders because of these bribes and kickbacks.

Examine the IRC provisions identified and the provisions of the Foreign Corrupt Practices Act. Create a scenario where payments made to foreign government officials would be allowed. Justify your response.