Research internet, newspapers, and business magazines for a corporate case that has attracted media attention due to ethical issues. Write anESSAYto address the following points using the case you...

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Research internet, newspapers, and business magazines for a corporate case that has attracted media attention due to ethical issues. Write anESSAYto address the following points using the case you chose.




  1. Provide an overviewof the company’s background, i.e. its business operations, etc.




  2. What ethical issue has arisen? Clearly explain the ethical dilemma faced by the


    involved parties.




  3. Clearly identify and evaluate the stakeholders that were impacted by the ethical issue.




  4. Was the decision made by the involved parties ethical? How would the business be


    positively/negatively impacted by the decision? Explain your answer.




  5. Detail your original view on business ethics. How has your view changed after attending lectures and completing this case study assignment? Explain the differences


    and/or similarities to your original view.




The ethical issues under consideration do not necessarily have to be accounting related. You can choose either an Australian or international corporate case, but the case must be reported by the mediaafter the year 2010.

Answered Same DaySep 10, 2021ACCG100Macquaire University

Answer To: Research internet, newspapers, and business magazines for a corporate case that has attracted media...

Charanjeet answered on Sep 12 2021
142 Votes
Introduction: Reputation is one of the most important asset of a company. Business ethics helps a lot to build the reputation of a company.Once,it lost it is difficult task to rebuild it once it. Same is the case with the Mossack Fonseca (MF) which has a world wide reputation but after the scandal of ‘Panama Papers’ it losses its reputation.
Overview of Company background:
Mossack Fonseca and Co. was a Panama based law firm, headquartered at Panama city, Panama. It provided legal solutions, company formations, intellectual property services to its clients. It had worldwide operations and run its business by various franchises around the world. It mostly operated in tax havoc countries like Cyprus, Bristish Virgin Islands , Switzerland etc. Ruben Hernandez is the CEO of MF. Ramon Fonseca Mora and Jurgen Mossack was the co founders of MF. At one of the time, it was one of the 4 largest offshore financial service provider company.The firm on 14 March, 2018 declared its decision to close down the business due to economic issues and loss of reputation.
Exposure of Panama Papers’ Scandal:
The scandal came to light when on 3 April, 2016 John Doe send the document he gathered from MF to Suddeutsche Zeitung , a German newspaper. International Consortium of Investigative Journalists and Suddeutsche Zeitung bring these records to the media lie light.They claimed that they are having 11.5 million files from the database of MF. These records show how the rich persons and the criminals fraudulence erosion the ethics around the world. These documents showed the different ways used by company to make rich use of offshore tax regimes to evade taxes. The records contain the names of political leaders of many nations like Putin of Russia, Jinping of China, Juan Damiani the FIFA ethics judge and other elite people . It contains information on more than 200,000 offshore entities .The company has made shell companies and shadow directors
Ethical Issues Involved:

· MF help rich persons in evasion of tax by making shell companies and using offshore tax regimes.
· MF act as a gatekeeper by supporting...
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